ZakCollins

Bitcoin about to drop?

Short
ZakCollins Updated   
COINBASE:BTCUSD   Bitcoin
It looks like bitcoin is breaking below the current wedge, and below any support it might have. There aren't many support levels immediately below it, so I predict a drop to between 10k and 12k. I'll probably just hold since I think it will go back up pretty quickly after that.
Comment:
Also, the MACD is crossing over downwards and the RSI is going down, which both indicate a drop as well.
Comment:
It is trying to recover a bit
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.