TradingView
mmsantos.br
Jul 31, 2019 7:27 PM

BTC: Breakout of the falling wedge 

Bitcoin / U.S. dollarBitstamp

Description

BTC is trying to escape of the falling wedge. We have to wait for the close today, but it seems we will see a breakout of the resistance formed by the downtrend line 3 - the upper line of the wedge.

Furthermore, the price is being negotiated today around EMA 50. A close above EMA 50 (with good volume) may be a strong indication that the correction is over.

More