Bitcoin / TetherUS

Rising Wedge on the 4Hour

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Potential rising wedge forming on the 4hr time scale for BTC/USDT. Paired with a potential bearish cross on the MACD (lagging indicator) and the psychology of coming into the pattern from a sustained downtrend. BTC isn't overbought on the RSI however so we still could see a bullish breakout, looks unlikely though.

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