gwfarrow96

Honouring support at $35k

Long
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
We have had a few more days now to gather our thoughts and see which levels BTC is honouring at the moment. We can see an ascending wedge pattern that we have stayed within the confines of. Within this wedge however we have a support line at $35k that it is honouring - if we a breach of this support then our next level is at $30k. The bullish argument here is that we are seeing a lot of resistance at the support level and expect to see further consolidation within the wedge , leading to a break-out.