CastAwayTrader

Bitcoin - beautiful bullish wedge - buy stop over 3,600

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
My count has not changed. I count that decline off the top at 4,368 made in December 2018 as the top of wave ( a ) up off the low at 3,217.

Not only that corrective wave ( b ) down has a fully completed structure but it also looks like a falling wedge , an easily recognized technical pattern likened by many traders.

At this point I lower the critical resistance to 3,600. My target for the upcoming move up in wave ( c ) up is still 5,000.

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