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.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out