TradingView
NumbWolf
Jan 18, 2018 10:21 PM

Road back to $10,000. BTCUSD Rising Wedge Support Broken Short

Bitcoin / DollarBitfinex

Description

We just broke the rising wedge's support.

Next major close line on the 30min is $11,111. If that isn't sustained, and we close at a lower low, we have more bearish pressure in the market driving prices down.

For trend confirmation, ideally we should see a close below $11,111, and a very nice engulfing candle bounce.
More