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trendanalysis Less Tags Show All Tags
BTC Attempts 2nd Rising Wedge, To Bottom Out & Retest Resistance
BTCUSD
, 240
BTCUSD: BTC Attempts 2nd Rising Wedge, To Bottom Out & Retest Resistance

After that intense fall from above 12000, Bitcoin has bottomed at it reliable long-term trending support. A rising wedge was formed, which broke on Saturday. Now, BTC appears to have formed a second, longer rising wedge. This rising wedge will fail in the next week and we will likely see BTC retrace to its support at around 10050. After this point, BTC looks set...

BTC Breakout or another Fakeout - This is the day we find out
BTCUSD
, 1D
Long
BTCUSD: BTC Breakout or another Fakeout - This is the day we find out

Bitcoin has been volatile and without clear direction since falling from its local high of 13800~. Anyone who has paid attention lately is aware that BTC has formed a steady upward-trending support, and has been rising throughout the last week on low, but steadily increasing, daily volume. The bulls might have pierced this channel briefly, but they failed to hold...

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