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RE: Is Bitcoin Overpriced? | Bitcoin TA
Ok. Thx. Me too.. :D One more note... The currently seen vedge here is a falling one which also traditionally is regarded a bullish pattern. Here's Invesopedia on the subject: https://www.investopedia.com/university/charts/charts7.asp
Well, now not both lines are falling down. And even if they were, you cannot be 100% sure when will it break and go upwards again. And you have to look at volumes, too. Because these patterns could be created by a whale which draws that as a trap for traders. :)
That is why in the article, there are always shown 2 possibilities of development.
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