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Zanalysis
Apr 27, 2020 11:34 AM

BTCUSD Short 4H Short

Bitcoin / U.S. dollarBitstamp

Description

Rising wedge after a multi-day, 15%+ run up. With a rising wedge forming around resistance level, I can easily see a breather down to the next support of 6.8-7k region in the near future. Overall Trend is very bullish.
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Comments
Mudrex
Nice analysis. Liked!

I expect price to move down today. MACD is indicating a sell opportunity and CCI is in overbought zone. Bears are now gaining control and should act soon. This analysis is based on 28 technical indicators. Do share your thoughts :)

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