bitcoinwizard1
Short

BTC completing bearish rising wedge

BITMEX:XBT   Bitcoin / US Dollar Index
12 h chart-btc has 2 bearish patterns, head and shoulders continuation and a rising wedge on the right shoulder with bearish divergence on stoch rsi , sell levels 6740/6800 and 6900/7000 targets 5200 and 4900 (couple of weeks )
Aug 28
Trade closed: stop reached
looks invalidated so far, now what do we think?
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Any updated thoughts?
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@iloveross, still valid, it will be invalidated if daily candle closes at 6850/6900 or above, but it hasn't happened yet and indicators look overbought and bearish
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Thank you for sharing!
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