Falling Wedge Pattern on Bitcoin

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar

As you can see on the chart, we are finishing a Falling Wedge Pattern on Bitcoin , https://www.freeonlinetradingeducation.c... , which looks like it is going to end at around $8,000 USD sometime this week. Which also coincides with the 200-day moving average which is at $7,800 USD.

Also, RSI and MACD indicators are in rock bottom not seen in many months.

Breakouts of Falling Wedges are usually strong and fast, so trying to get in after the fact may not be easy.

Starting to buy in on these levels and throughout the rest of the week.

Good Luck in your Decisions
Comment: As you can see in the chart, we probably bottom today on Bitcoin, we went past our expected target of $8,000 USD, all the way back to $7,700 USD, and bounce back to $8,800 USD to close out in a Hammer Pattern, https://www.freeonlinetradingeducation.c... , and that is after touching the 200-day moving average and bouncing back with big volume.

Comment: We didn’t bottom out 4 days ago as I expected, but it seems that we did so today. Volume is huge, the biggest we have ever seen since the correction started, and we had an almost 20% reversal today, we went as low as $6,000, and close above $7,700 on Bitcoin. Of course, we need to close above $10,000 to be sure we have bottom out. But it definitely looks like it. Here is the chart.

Im all in. Balls deep. I dont give a shit if go 0. im ready
+2 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out