Get started
UnknownUnicorn1413254

Huge falling wedge on BTC. Expecting a drop till 8.5k

Long
Bitcoin (BITFINEX:BTCUSD)  
UnknownUnicorn1413254 Updated   
BITFINEX:BTCUSD   Bitcoin
Trend Analysis BTCUSD
39
12
trendanalysis btcusd
First we will touch the resistance of the falling wedge, something about 14.5k. After that we will drop till 8.1k usd, where we have big support on the 8.5k usd, after that we see a breakout comming till 15.9k.

We're still in an elliot corrective wave.
Comment:
We're already dropping! Let's see if we break support at 12k
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.