BTC / USD Rising Wedge Short

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

⋅ Jul 23, 2018 4:47 PM

Confluence of a Rising Wedge and Bearish Divergence on On Balance Volume suggests that downward price action is imminent.

Target illustrated is ideally a minimum target. Price could conceivably go lower.

Comments

GainTP

⋅ Jul 23, 2018 5:24 PM

Good insight, dint saw the possiblity of forming rising wedge like this.