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PipEze
Jun 24, 2018 9:03 AM

BTC - descending triangle with wedge 

Bitcoin / DollarBitfinex

Description

No surprise for many of You that BTC created massive descending triangle and yesterday we got confirmation of breakout from that formation. Average price drop for triangle is 25% - 4850 level.
BTC is moving in falling wedge and next bottom touch could be at 5500 region and that could lead us to temporary uptrend.
Comments
lesvalseus
looking at this chart you never go long from now
JRspotcryp
love your analysis
well done
PipEze
@JRspotcryp, thanks
Hubris
Thanks for sharing....great chart.
PipEze
@Hubris, thanks
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