FrederickDupont

Big Bullish Descending Wedge On Bitcoin

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hi guys, so it looks like bitcoin is stuck in a big descending wedge , which is mid-term bullish . However, before we break this triangle upside, I think bitcoin need to correct a bit more and go a little bit under 9k where we enter a really strong support zone . really looks to me like between 9k & 8k will be the bottom for bitcoin before the next major move.

Stay tuned for more updates,

Fred
CME Future contract gap ranges from 8500 to 8900 which most probably will be filled in this downward path or later.
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+1 Reply
@ssari, True !
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Nice! :)
+1 Reply
FrederickDupont cybernetwork
@cybernetwork, Thank you !
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