Bittimmer

BTC Bullish Falling Wedge

BITFINEX:BTCUSD   Bitcoin
I'm learning to trade to forgive me if i'm totally wrong.

To me this seems like a falling wedge, all the signs seem to point toward it.
Oktober has been a month where bitcoin turns around so i'm hoping to see this happen around 15th of oktober.

Also if we make one more lower low there will be a lot of shorting going on which can trigger a massive short squeeze when price picks up even a little, leading up to a lot of buying volume which will confirm the pattern.

Anyone care to comment?
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.