bmrm98

bitcoin wedge to break down soon

Short
bmrm98 Updated   
BITMEX:XBT   Bitcoin
this recent bullish momentum is unsustainable, we are extremely overbought and the price will react accordingly soon.
Comment:
the moving averages have just failed as support on the 1hr, it looks like the price will break below soon
Comment:
its taken awhile to do so, but we've officially confirmed the wedge has broken down, the next move is testing moving averages as support at 18/9k, if those fail price will move to around 15k
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