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Saturday, May 08, 2021

BTC Analysis complete !.

BTC Analysis complete !.

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

I made a post but it was a private idea which isn't accessible to the public, only to a select few.
My analysis is quite textbook format...We all know the rising wedge , right?
Well, here is a little insight into a rising wedge

"A rising wedge is a technical indicator(chart pattern), suggesting a reversal pattern frequently seen in bear markets. This pattern shows up in charts when the price moves upward with pivot highs and lows(which is seen in the chart above) converging toward a single point known as the apex."

As you all know, our parameters remain the same: TP 5000pips, SL 500pips.

Happy trading !.

@dennis007_1 @mecwfx
#forex #forextrading #forexmarket #forex #freebies #forexsignals #instagram #facebook #Divergence
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from TradingView Ideas
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