DefineRisk

Rising wedge forming along channel resistance... $6050-6200

Short
DefineRisk Updated   
BITMEX:XBTUSD.P   Bitcoin
Bearish formation. It's BTC and it does what it wants, but expecting a drop in the short term. Targeting 6200 minimum.
Comment:
Wicked down toward first target but fell short. I remain bearish for the time being.
Order cancelled:
BTC and the market as a whole showing more strength through the weekend than I expected. Cancelling out this idea as it was wrong (was never a trade, simply a thought). Will reassess BTC outlook.

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