majorlee

Bitcoin 4h Chart in a rising wedge/triangle July 6th 2018 [BTFD]

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Just saw a few angles and trends creating a rising wedge/triangle (depending on which charts) in the 4hr chart

im still bearish till we come down to test near lower 6k$ again

expecting to break down out of the formation

if it holds we could see a reversal rally to over 7k, needs to be closing over 7300$ and up into the gann fan area for my bull hat to be pointing forward tho

have a great weekend and watch out for big bitcoin moves after the weekday markets close

peace up
Trade active: pre market close dump

still within the triangles/wedges



have a great weekend and if u got orders, use a SL plz
Trade active:

about to break down or continue up in the wedge
Trade active: broke down as expected but had a lil rally, weak volume due to the weekend (and maybe football lol)

Trade active:

some price action on bitcoin pushed out of the triangle but with bullish action

gotta stay over the 0.786 fib here for more gains, breaks below 6360 then we could be back in with the bears
Comment: expecting to maybe hit the gann fan line and rebound again and if not breaking this we will see a small dump to 6300 area before the weekday markets open
It is so nice to go back to your past charts and see the big impact your spot on support/resistance lines had.
+1 Reply
majorlee foxygirl
@foxygirl, perfect, thanks for the comment, im glad its been useful, feedback is great to hear, i dont always get it right but seem to have a good balance :)

will get some more updates done today

did u check the latest charts?
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