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ZakCollins
Dec 9, 2017 5:08 AM

Bitcoin about to drop? Short

Bitcoin / United States DollarCoinbase

Description

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
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