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Falling wedge & rising wedge patterns (supply&demand) BTC

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BITFINEX:BTCUSD   比特幣
Good afternoon traders,

#1: Falling wedge pattern formation:

#2: Rising wedge pattern formation:

Takeaways: The long dotted line that connects both the falling wedge AND rising wedge is am area of interest and the TA proves/validates that statement.

Summary: Previous ATH ($42,222), which was once resistance now becomes support (s/r flip), to either validate or invalidate the trend, to either bounce or reject.

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