Jaekki

Bitcoin gonna end this downtrend

Long
Jaekki Updated   
BITMEX:XBTUSD.P   Bitcoin
Tomorrow bitcoin needs to make a decision. Falling wedge target around 9.3-9.5k. Big resistance at ~9k due to EMAs from multiple timeframes.
Going down I'm expecting a double bottom, but we could reach the golden pocket of the bullrun from 6.5k, at 7650-7780
Comment:
It seems my time schedule was slightly too tight but the price movements were spot on. We started to go downwards. If it doesn't drop further this could be a bear trap and the bounce will be epic.
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.