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Creambaps
Dec 11, 2017 9:34 PM
BTC - Ichi and rising wedge play
Short
BITFINEX:BTCUSD
60
Bitcoin / Dollar
Bitfinex
Description
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Dec 11, 2017 9:34 PM
Many exchanges now forming a double top, and hourly looking out of steam. I think falling from here or spiking up/down are the most likely paths.
Entry 17200, main target 15k. Still partially long until something firmly breaks.
Trend Analysis
Chart Patterns
Comments
groovenergy
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Dec 12, 2017 4:14 AM
Looks like you got it... BTC is going down!! ;)
andris-teika
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Dec 11, 2017 11:03 PM
is it going to be double top also ?
Creambaps
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Dec 11, 2017 11:39 PM
@andris-teika
Looks like it. Although that's definitely a factor, I'm not weighting my decision on that pattern too much. On Finex it's closer to bearish divergence (higher high).
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