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Chopstick_Charlie

Renko breakdown.

Short
Bitcoin (BITSTAMP:BTCUSD)  
Chopstick_Charlie Updated   
BITSTAMP:BTCUSD   Bitcoin
Wedge Support and Resistance Fibonacci renkochart Rising Wedge BTCUSD Bitcoin (Cryptocurrency) Bearish Flag
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wedgepattern supportandresistance fibonacci renkochart risingwedge btcusd bitcoin bearishflag
Interesting patterns forming on the Renko. Rising wedge breakdown with a retest the 8th of Feb. Bearish flag invalidated at a break of the .5 fib at 50,000.
Support building up with a series of higher lows.
Comment:
Comment:
renko divergence forming coming down fast from rising wedge resistance. horizontal support vital to keep to prevent visiting low 20's.
snapshot
Comment:
As explained above it is vital we hold horizontal support. RSI flashed into oversold conditions, wicks are forming underneath the candles which is a good sign that bottom is approaching
snapshot
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