Mika_k

BTC Approaching a critical point

Short
Mika_k Updated   
BITFINEX:BTCUSD   Bitcoin
Hey everyone, BTC is approaching a critical resistance. We have tried to break through the 10.842 range on 2 other occasions with no luck, meaning this is a SERIOUS resistance. We are right now forming some sort of wedge, or maybe the top of a 5 wave move? Pay attention to the boundraies for the triangle. I break out of them can indicate a serious drop down to the 10600 range. Be careful guys and watch carefully as BTC shows its next moves.
This is my second T.A for tonight and I am heading to bed.

Goodluck tomorrow.
Comment:
Hey, I am getting out rn to try and catch the wave to the upside. Check out my new t.a for explanation

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