smallreddude1

Possible chart pattern set ups for BTC

GEMINI:BTCUSD   Bitcoin / U.S. Dollar
So first we have Bitcoin in an ascending broadening wedge (white dotted lines, you'll see the lines acting as support and resistance ) then we see bitcoin making a double top (blue dotted line acting as resistance) and with that we can see the possibility of an ascending triangle . Next we have the thin pink line acting as resistance, that is a critical point. A rejection there could lead us to retest our white support line and has a good chance of falling through and last we have an ascending wedge (green dotted line with white dotted line resistance) which can take us to 7100 and potentially reverse price action from there. I would aslo like to point out the bearish divergence on our macd given to us after hitting that double top . I will update as we go through the weekend. Good luck traders

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