WeaverMJordan

$BTC #BTC #BITCOIN FALLING WEDGE! LAST LEG UP BEFORE BLOW OFF?!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
We have developed a 4H Falling Wedge hanging off of the "broken" parabola

Nice confluence here with a run up to 9200 based off of the prior measured move and the R3 on the 4H

Would also be a possible back-test of the underside of the parabolic move - If there is large bearish rejection here, a blow off top could easily follow

Everyone is expecting a retrace here, so there's a good chance it won't happen

Nice bullish test of the R1 with daily close incoming and nearing the tip of the FW

Will be watching the R2 at 8300 for a possible double top if rejected
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