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EXCAVO
Jan 31, 2020 6:40 AM

Bitcoin 

Bitcoin / TetherUSBinance

Description

BTCUSD moving in up trend channel aslo showed another up trend channel we near resisitance lines
and I see very intresesting pattern Risisng wedge - Of course, not all patterns work. And shorting a bull market is it risky.

We have a good fundamental analysis - about halving. Coronavirus in China, many Chinese people sit at home and very often the biggest movements in the Asian session.
I believe in the continuation of the bull market, especially if you look at the altcoins that have already made good movements.
Now I see an exponential trend


that's why I'm waiting for a small correction

In 9600 zone I see very big wall, But I think big player will close his position above 9000

I think there will be a flat and after a fall to the support line

Best Regards EXCAVO

Trade active

Comments
globaluebertrader
This rising wedge doesn't look right.
Mikeiavelli
@globaluebertrader, it's less of a wedge than it is a channel, dunno why he choose that point on the left shoulder/neckline.

Robinhod

agreed
AlanSantana
What will happen next month with Bitcoin, Feb. 2020?

Fandorinn
Good point!
Fox666
ProjectSyndicate
10 000
Noldo
That will be a big bearish wedge at the end ))
UnknownUnicorn6061584
hi
a new work from me. this chart contains the resistance node that hold the price from growing further. so watch for this zone carefully
UnknownUnicorn6047038
hello) it's my new btc analysis. there are some changes now and better to continue to short it only if price lose local support
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