nagihatoum

BTC still within rising wedge

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BITSTAMP:BTCUSD   Bitcoin
As spectacular the latest pump was, it didn't breach the rising wedge resistance and was rejected from it. RSI fell below it's diagonal support. Next probable price move is a retest of the 4H 200ema . Support by the 4H 200ema confirms a change in trend up and is very bullish.

A drop below the 4H 200ema means a continuation BTC's downward trend.

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