TradingView
Tomcos76
Jan 23, 2018 3:54 PM

BTC consolidation Long

Bitcoin / Tether USDPoloniex

Description

Looks like BTC is going through a consolidation in a falling wedge reversal. From the Stoch/RSI it'll probably hit under 10k in 4-8 hours and then bounce off the .382 FIB and hit an uptrend to the previous resistance which can be roughly 11.5k-12k before taking another fall.

Comment



The momentum has broken out of the falling wedge. Watching closely to see what will happen next.
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