dimoe

XBTUSD 1D - 04.2018

Short
BITMEX:XBTUSD.P   Bitcoin
We are still in a downtrend and are slowly coming to the end. There are 2 striking hurdles for April. a descending resistance line from 05.03 and a descending resistance line from the all-time high which runs at about 7600. A descending underscore line of 24.02 with the line of resistance of 05.03 forms a wedge which should complete its formation to the next time cycle low against 26.04. An eruption from this wedge is expected by the end of April.

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.