Rezonator23
Short

Yep, it was bearish wedge.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
As we could clearly seen, the price tested the purple line of resistance but bounce from it to the south, we seen sudden dump in price which stoped at first fib level. Analysis goes exactly as planned, now we could see few days long move to the side, the next week candle will tell us if we finish the Morning star formation on weekly chart which will form on 15.april.

I am more bearish than bearish due to all this actions, also we shouldnt ignore the overbought figure on stochastic RSI .

The 5000 is important psychological level. We may see some undecision moves near the white line. If we get under it, that we will head towards the target.
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