RimmerDall
Short

Triple top in ascending wedge coupled with possible bearish ABCD

BITFINEX:BTCUSD   Bitcoin / Dollar
48 0 0
The neckline of the triple top has been breached along with the the orange ascending wedge. These are strong sell signs, especially when considered with the possible bearish ABCD which predicts movement below $550. If $550 support is breached we could see a move all the way to the bottom of the red channel. However, if we see the formation of a double bottom near $561 soon this could indicate a rebound to the top of the red channel.
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