DrDovetail

Bitcoin continuing to consoldiate inside small 1day fallingwedge

BITMEX:XBTUSD.P   Bitcoin
I anticipate it will break up from the wedge at just the right time to find resistance at the horizontal white trendline...then I expect it from there to begin its descent into final capitulation...although we may not see the final capitulation candle until february, I think we will see it by february at the latest. I anticipate we will meet resistance here and not continue to go up based mainly on the current 1 day stochrsi, an how closely this year has resembles 2014
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.