BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hello dear traders
Down trend continue - BTCUSD moving inside falling wedge - reversal pattern. But first we need touch support line of this wedge . Now we can see how the flag is formed - trend continuation pattern.
No volume .
Near 3000$ psychological price
I believe in Bitcoin as well as many others. But as we see there is no volume . Most Bitcoin Buying with OCT deals.
It is better to manipulate the price on the stock exchange in order to buy at a price below 3000 in the OTC market.
what you guys think about it?
Comment: I think we will break out MA200
Comment: TOUCHED RESISTANCE LINE

Related Ideas

300 ma weekly next stage
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Why didn't you care 200MA Weekly chart?
+1 Reply
Your forgot a possible IHS case. Thank you.
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looks like mines... lol

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BTCUSD H4 Correction up. Checkout the idea detail's and all the update's for the complete picture.

BTCUSD D1 Long Term EW Analysis. Checkout the idea detail's and all the update's for the complete picture.
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Take a look at weekly:



Falling wedges everywhere.
Look at what happened on RSI in 2014-1025 and compare.

Below Monthly RSI, within hostorical support area:



Crossroad ahead.
I'd say wait for January close, bears should break down that support or anything may happen ...
+4 Reply
@ft-73, So that would be a hidden bullish divergence. Oscilator is lower low, price is higher low. It is good to see a divergence on monthly chart.
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