nivishoes

Bitcoin [BTC] Bullish: Falling Wedge Break-out

Long
nivishoes Updated   
BITSTAMP:BTCUSD   Bitcoin
A bullish break-out from the descending line is seen for the third time. With the exhaustion of the bears and dominance over crypto markets, it seems like it will be successful this time around.
Comment:
Falls back to the wedge. According to Fibonacci retracements, $7400 is likely to hold support. But I see it going down to $7188 levels for now.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.