Bitcoin reversal imminent (Buy opportunity)
-50 week moving-average is showing support (6600)
-4hr candle higher low in the falling wedge (blue).
-TD sequential is indicating reversal at a daily 9
-RSI in oversold area.
I expect the price to test the top of the wedge at around (7400) if price can break these levels I expect Bitcoin to bounce up further towards the linear uptrend line (yellow) at (7800) and the longer term downtrending line at (8200).
-4hr candle higher low in the falling wedge (blue).
-TD sequential is indicating reversal at a daily 9
-RSI in oversold area.
I expect the price to test the top of the wedge at around (7400) if price can break these levels I expect Bitcoin to bounce up further towards the linear uptrend line (yellow) at (7800) and the longer term downtrending line at (8200).
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