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Gokic
Aug 19, 2020 6:49 PM

BITCOIN - Rising Wedge Correction or Big Fake Out!? 

Bitcoin / U.S. dollarBitstamp

Description

No need to talk about it... Everything is possible, just dont wanna see price go under red line (2y+ downtrend).

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12K is the key now....

Comment

a chance to go back up, maybe the last

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Comments
Joshua480
big fakeout. you wont see these prices ever again.
Gokic
@Joshua480, this worried me even before price came over the line :)
I`m not sure if i wanna see that, but IF..., we could see drop for quite a lot
Joshua480
@Gokic, The last high on the daily RSI indicated an upward continuance, it remains within the upward gann fan based off its last swing low, as well as it is very close to re-entering the legacy trend.. Any downward move now, would potentially be the death of btc, which I highly do not see happening.. look at some of my ideas.
Gokic
@Joshua480, i agree, that downward move would be bad for the all crypto and i dont see any interest of going back down also...
Like always, time will tell :)
Joshua480
@Gokic, It may touch 11390 again, but thats my bottom call.
Gokic
@Joshua480, i agree and hoping for that 2 ;)
Naresh219
@Joshua480, So, you think btc will fall down?
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