elitealpha

Bitcoin BTC 1 Hr Technical Analysis

Long
COINBASE:BTCUSD   Bitcoin
Bitcoin has a good 10% drop due to some exchanges and FUD. What's new. Im still optimistic (depending on how you see the picture) for $5k still

- Watch for BO or BD of rising wedge
- If we break BD (most likely)
$5924 is my 1st target > $5723
- Overall, I am still bearish til around $5k
- Im waiting on the side lines and not buying or selling
- Tested .5 Fib, remains at .382 still
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