BITCOIN price trades in Rising Wedge Getting close to Resistance

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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- Price trades in Rising Wedge
- Price getting close to resistance level
- Resistance level is 9800$
- To open long only if price will make fake breakout of resistance level
- Always do your own research before opening positions and always put SL

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I agree, only I am calling it a bear flag. Same difference. I really think that BTC and the USD pairs need a 618 retrace after a false hope rally to resistance.
+2 Reply
sufficient work
we got a bearish flag near lower boundery of descending channel
TravisWash David_Smith
@David_Smith, Not worth shorting such a weak dip
if we lose support zone the price will decline)
TravisWash Alex_Clay
@Alex_Clay, Thanks, just closed my long cause the interest is too high compared to the short term upside. Still have about $10 in daily dividends I can use to buy BTC also
Good Idea!
Comparison on the growth similarity between Gold and Bitcoin
Please share your thoughts on this
trxusd cycles and next 80% bull run (NEW).
go along with you
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