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BTC, three patterns in play

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BITSTAMP:BTCUSD   Bitcoin
Today three patterns have been reinforced and are in play. Price bounced of support of the large triangle today and price broke out of a fallen wedge and a fallen channel. The support of the large triangle, is also the support of a rising channel. The breakout target of the triangle, is the top rail of the rising channel which coincide with bearish shark formation. The confluence of patterns is strong suggesting this being the most likely play for the price action.

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