Bitcoin USD - Bear Wedge

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar

I continue to analyze bitcoin , consider the scenario, from the continuation of the sprout to around 7200 - $ 7400 as the upper boundary of the wedge and resistance test.

After which - the descent into the support in the area of 5850-5600

Cancel scenario leaving above 7730

This is just my opinion, and is not a call to action)

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+1 Reply
great idea
+1 Reply
PavelBodo CryptoCheck-
@CryptoCheck-, thank you )
I broke it down as well, here is my markup
+1 Reply
PavelBodo transparent-fx
Honestly I think we are more likely to fail out of the pattern first and then leg up...

+1 Reply
PavelBodo Zulu_Kilo
@Zulu_Kilo, like it
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