BTCUSD - Falling Wedge (Back to $10,600)

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hello everyone,

the price of BTCUSD is currently defending a strong psychological and technical support at $10,000 while moving
in a Falling Wedge pattern (lower highs & lower lows).
I'm expecting a strong breakout towards our next resistance at $10,600 (green box) after revisiting our support area at $10,000 (purple box).
Place your stop loss below the red box in case we see a liquidation move to $9,800.

Do you agree with me? Let me know

Comment: We might see $10,600 earlier than expected. It's tempting to long here, but the Risk/Reward ratio is simply not worth it. is my favorite for trading cryptocurrencies & stocks (for real!)
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Informative one!
thanks for sharing
+1 Reply
ARESABI Sinigdha123
@Sinigdha123, anytime my friend!
i like your work thanks for such clear charts
+1 Reply
ARESABI Janewallace221
@Janewallace221, thanks for your comment Jane
Be Prepared For Bitcoins Next BIG Move
+1 Reply
good idea
+1 Reply
bear flag, descending triangle
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