BTCUSDT. Falling Wedge. Will it Play Out?

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Hello traders,

What we see:

1. Falling Wedge with a potential bullish divergence (not yet confirmed).

2. RSI oversold.

3. Buying Volume picking up a bit. If it retraces we think it will be on falling buying volume, meaning it will just be a a kind of a weak retrace.

Panic shorting for the moment is not optimal, if it retraces then there will be good short entries.

For now we are super short term bearish (1-3 weeks more less) and long term bullish (next 1-3 months, more less)

Best of best and live to fight another day my friend.

Robertus.

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Must hold the 56k area if not then it will likely hunt the 52k level.

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