partyjumpman

Bitcoin- Rising Wedge & Resistance - Consumer Confidence Reports

BITSTAMP:BTCUSD   Bitcoin / Dollar
There are several financial reports coming out on 5/31 (Consumer Confidence and spending reports) - Bitcoin has been on quite a tear of late. I have no idea how those reports will effect any of the market much less Bitcoin . As far as technical analysis is concerned a rising wedge has formed and it has traded to resistance, so conventional wisdom says 80% of rising wedges breaks bearish ... so I will keep an eye out and see what happens (no trade for me)...

Even if Bitcoin doesn't break the wedge there is a chance of retest of the short term resistance broken on Friday!

I would love feedback from bitcoin traders!!!
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out