cryptoierco

BTC correcting for a bit more on the shorter timeframes?

Short
cryptoierco Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
$btc prediction: Some more correction towards 10300 looking at the forming of a rising wedge on the 15min chart. Support and trendline (10300 app.) both together and should hold. Ascending triangle forming on the 1-4h to test big trendline down first, then 11,7-12k again next 7-10 days.
Comment:
Correction much steaper down due to FUD about Binance, Japan, SEC and Mt. Gox. Broke down through the rising wedge and down below support. Bottom seems to have been found around 9400 and stable waters now just below 10k. Target to test 12k still intact but maybe have to crush more resistance on the way up.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.