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DrDovetail

5 pattern pile up! This zone's a mess of gridlock & indecision.

Bitcoin (BITSTAMP:BTCUSD)  
DrDovetail  
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators BTCUSD BTC Bitcoin (Cryptocurrency) invertedheadandshoulders Rising Wedge Falling Wedge Symmetrical Triangle lowerhigh 4hr
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trendanalysis chartpattern indicator btcusd btc bitcoin invertedheadandshoulders risingwedge fallingwedge symmetricaltriangle lowerhigh 4hr
currently we have a 1 day chart falling wedge with an overlapping pair of inverted head and shoulders patterns(1hr &4hr chart) on top of it. Then on top of those head and shoulders patterns we have a 4hr chart rising wedge(in turquoise) and a 3hr symmetrical triangle(in blue). solid chance for bear or bull although bear has the upperhand slightly since a 4hr lower high was just et in stone. Best to only play this one once a break is confirmed and stay in what position I'm currently in until then. Neutral then shall this idea be even though there's a temporary bearish bias and a long term bull bias.
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