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Michael_Harding

BTCUSD - Wedge Formation - 4HR

Short
Bitcoin (BITSTAMP:BTCUSD)  
Michael_Harding  
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Harmonic Patterns Chart Patterns
3
0
trendanalysis harmonicpatterns chartpattern
Taking a look at the 4hr chart, price action is trading in a wedge formation. RSI is below 50. I believe based on the current candlestick characteristics, that this pair is likely to trend lower at least back to the ascending support.
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