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steevyp2820
Jun 11, 2020 10:06 AM

BTC is it time to short ? Short

Bitcoin / U.S. dollarBitstamp

Description

I feel there is so much pressure building up on bitcoin over the last week, We haven't seen much price action happening or any clear trend price has been ranging in this channel squeezing further into this rising wedge.

With a 170% price increase since we bottomed out in March we have not yet seen a proper correction, Will the bearish divergence play out and perhaps we get a nice pullback to the 61.8 Fibonacci level ?

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