Hi Friends,
Just wanted to share my views and ideas here. Thanks for taking the time to read this publication.
Yesterday, I plotted potential pathways Bitcoin might take.
Bitcoin has broken through the resistance line and appears to be taking the third path.
Here's yesterday's chart:
When price retraces to the resistance line of the falling broadening wedge and bounces off of it, the bullish trend will continue to take the 3rd path.
If the price drops and goes past the support line of the huge rising wedge then the detour down to $7,000 or even down to $6,625 will be realized.
Here's the chart I plotted for the huge rising wedge created by the recent price pump to $8,940:
A rising wedge chart pattern has a bearish bias, so be very very watchful.
Place your stops at the appropriate levels.
Happy Trading!
Just wanted to share my views and ideas here. Thanks for taking the time to read this publication.
Yesterday, I plotted potential pathways Bitcoin might take.
Bitcoin has broken through the resistance line and appears to be taking the third path.
Here's yesterday's chart:
When price retraces to the resistance line of the falling broadening wedge and bounces off of it, the bullish trend will continue to take the 3rd path.
If the price drops and goes past the support line of the huge rising wedge then the detour down to $7,000 or even down to $6,625 will be realized.
Here's the chart I plotted for the huge rising wedge created by the recent price pump to $8,940:
Place your stops at the appropriate levels.
Happy Trading!