BTCUSD is testing restistance, above which it will break out of a falling wedge pattern. It has just broken out of a rising trend channel also, so expect some sideways movement and possibly slight correction here before any breakout.
Could be a lot worst than sideways and further reversal towards 34-30k. Then the same story, it breaks and we are down for 27-23-20k roughtly.
schawin999
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@balaupre looks like you’re right - retesting lower edge of that wedge
balaupre
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@fer9us, Been off few minutes and missed the flash dump. Shame! Anyway, probably furthermore drop in the coming days. I reckon BTC will go down more to be able to pump above 45-50k.