Will the falling wedge force a gap fill? Short

Bitcoin / U.S. dollarBitstamp

Description

⋅ May 20, 2019 7:25 PM

Will the recently formed bear flag signal the next gap fill? If so, we are testing between $7200 - $7500 if you ask me.

Comments

f-73

⋅ May 20, 2019 9:25 PM

What you painted there was a falling wedge.
Which is bullish.

As expected it broke up.

MichaelHenke

⋅ May 21, 2019 4:24 AM

@ft-73, You are correct. It merely snapped back to previous levels though and failed to break through resistance and establish a new high.