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surangadesilva
Apr 20, 2018 8:34 PM

WILL BTC FOLLOW THE SAME PATTERN IN FEB 2018 ??? Short

Bitcoin / U.S. dollarBitstamp

Description

Same pattern to be seen in Feb 2018 (5900$ - 11700$) vs
Apr 2018 (6400$ - xxxx$). If the rising wedge pattern follows
Feb 2018 then BTC may go upto around 8800$ before going down

Confirmations:
RSI is above 70 (Over bought) in 4hr timeframe
Stochastic is above 90 (Over bought) in 4hr timeframe
Fibonacci retracement is above 0.382

There is a possibility that BTC may go upto 9000$ if Apr 2018 BTC
respects the Fib 0.5 which is same as Feb 2018.

Comment

Target reached...
Now we go down to 8500 - 8600. If btc dont do any higher highs from here then we probably go down further to 8000 - 8100 area
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