BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Rising wedge . Seems that it is giong to test support again at 1800...

On support break, next move to 16320...
Comment: I forgot to trace a support at 17350... If it goes below 18000, it will stop there first.
Comment: 18712 may support to see a bouce back
Comment: Although, volume seems to indicte that we are going back to 18000

decisive point here...

Unfortunatelly I don´t see the volume to push it up... if volume does not apear, we are going down.
Yeah I agree, volume is looking bearish
andretco DarrenWen
let's see what happens...
DarrenWen andretco
@andretco, hmm it broke 19k,, but I'm still leaning towards bearish
andretco DarrenWen
This moment I am just waiting to see what happens:

It entered the blue falling wedge... It can go through the purple channel or break that channel... Anyway, it seems less bearish than half an hour ago.

DarrenWen andretco
@andretco, definitely
DarrenWen andretco
@andretco, yep looking to break 18k
andretco DarrenWen
@DarrenWen, Yep... does not look good.

It may break 18k, or it will probably trade between one of the 2 triagles set by blue lines and red trend line:

Breaking red line will indicate bullish trend...
andretco andretco
@andretco, I forgot to change the color of the horizontal lines to blue...
DarrenWen andretco
@andretco, its okay i see what you mean
DarrenWen andretco
@andretco, We just got a break of red line with heavy volume, also latest support test at 18.1k, looking bullish now
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