nagihatoum

BTC in a descending widening wedge

Long
COINBASE:BTCUSD   Bitcoin
and testing mid range support again for the 6th time. If supports hold we can see a test of the widening wedge's resistance. If support fails, we can expect a test of the widening wedge's support. In any case, a descending widening wedge should break to the upside, unless market conditions are extremely bearish .

Indicators are around the 50% mark and very hard to guess direction from them.

My opinion is that it will go up from here.

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