RimmerDall
Short

Triple top in ascending wedge coupled with possible bearish ABCD

BITFINEX:BTCUSD   Bitcoin / U.S. 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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