Falling wedge on bitcoin Long

Bitcoin / DollarBitfinex

Description

⋅ Mar 23, 2018 1:18 PM

Fractal is working pretty nice in this falling wedge. Bullish divergence on the hourly. I expect it to break up after bounce from ~8000 so watch this level to confirm the idea. 10k might be still in play if we break up here

Comment

⋅ Mar 23, 2018 2:46 PM

Looks like we just break the resistance. Path should be clear now

Comment

⋅ Mar 24, 2018 11:21 AM

I think we are doing this

Comments

mhfcrypto

⋅ Mar 23, 2018 1:58 PM

I’d be very surprised. I think we’re re-testing low 7KS again (or lower). And then we’ll start getting momentum upwards, imho.

DeadSerious

⋅ Mar 23, 2018 1:59 PM

@mhfcrypto, possibly too, but some bounce should happen earlier due to hourly divergence we're building here