TraderAvDM
Short

Bitcoin has probably formed a top, 3800 next?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hello friends, publishing an idea on Bitcoin after two weeks. My previous idea was about selling at 7300 at the Descending Trendline and Upper TL of the Rising wedge .

Fast forward two weeks and Bitcoin has already broken out of the rising wedge .

It also appears to have created a Top. So, the direction in the next few weeks will likely be downwards. I don't expect a sharp drop but a gradual decline.

It will probably correlate with the Major indices as it has been doing for the past few months.



Comments

Yup! Spot on
+13 Reply
TraderAvDM WorldEconomics
@WorldEconomics, That's a great chart buddy. We have similar views :)
+2 Reply
Matthew1972 TraderAvDM
@TraderAvDM, volume to support a breakout of the falling wedge? Where is it?.....
+8 Reply
Comment removed.
SatoshiBTCQueen BTC_Halving_20
@BTC_Halving_20, how's life in Nigeria these days?
+1 Reply
Spatial101 SatoshiBTCQueen
@SatoshiBTCQueen, it hasn't been funny at all
Reply
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