Bitcoin forming a rising wedge pattern (bearish reversal).
Indicators (cRSI, Stochastic RSI, MACD) show a bearish divergence (reversal).
I expect a drop to the support zone at 3500-3400.
If this zone does not survive, then the fall can be up to 3200 and even up to 3000 (a little doubtful).
Stop-loss can be put on a level above the main downtrend line and 38.2% Fibonacci ~ 4250.
Good Luck!
Indicators (cRSI, Stochastic RSI, MACD) show a bearish divergence (reversal).
I expect a drop to the support zone at 3500-3400.
If this zone does not survive, then the fall can be up to 3200 and even up to 3000 (a little doubtful).
Stop-loss can be put on a level above the main downtrend line and 38.2% Fibonacci ~ 4250.
Good Luck!
Comment:
The pattern confirmed.
