MoonTrader

The only thing that matters right now

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
This is what I've been talking about for the last few weeks. We're about to see a three-drives pattern completed within this year-long wedge , and it just happens to be at the exact point where the bottom of the wedge meets up with the long-term trendline.

I'm currently short until we break down out of this small blue descending triangle within the long-term wedge , but I will probably be a buyer around $250 depending on the price action. Volume is declining along with the price, which means we may be overdue for a correction to the upside. I tend to think that if we were going to drop like a stone, as some people are saying, the decline this year would have been a lot faster.

BTC Donations:
1Kz7JnU9zrdCjNfzjax4hgPmLdqAQScEtr

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.