kliang

Bitcoin's falling wedge - FUD you mainstream media!

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
$BTC has been in a bearish trend since the rise to just under $20K (on Coinbase).

Let's take a look at some FUD that contributed to this the past 30 days:

FUD
Subpoena on Bitfinex and USD Tether
Friedman LLP pulling out of Tether audit
False news reporting of Korea & India's Government banning Bitcoin            
Jordan Belfort putting out an 'urgent warning' to sell Bitcoin            
Coinbase 1099 forms & having information of customers' purchases sent to IRS             by request
CNBC reporting Bitcoin             crashes every other day

With all this noise, I am bullish on Bitcoin             long term. It appears that a falling wedge is forming.

Supports:
1st Major Support - ~$7900
2nd Major Support - ~$5800

I am expecting some accumulating between ~$7900 - ~$9200 before we break out upwards.

Good luck!

Related Ideas

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out