Ok bulls, the rally is over

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Bitcoin has formed a rising wedge (yellow) on the four-hour chart, and it looks like a retest of its lower edge is currently underway.

But the attractions don't end there! If you look closely, you'll see that this yellow wedge is actually a re-test of an even larger wedge (green).

Just zoom in to see the bigger picture!

This is not financial advice.

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It appears that bitcoin still wants to test the upper edges of the wedges before the final decline:

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Or at least the lower edge of the smaller (yellow) wedge.

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I noticed another wedge:

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But beware, it can also be an ascending triangle: