Our preference: possible rebound with 2750,87 as objective.
Alternative scenario: the depression of 2477.93, will trigger a return on 2378.49 then 2319.29.
Comment: The RSI is under 50. The MACD is greater than its signal line and negative. The configuration is mixed. In addition, prices are under their moving averages 20 and 50, currently at 2565.81 and 2582.59.
In connection with the previous violation of the historical maximum and the subsequent correction, a similar scenario for the development of value seems to me.
My only guess given the attraction for cryptocurrencies, is an upward breakout, but who knows if there'll be further retracement so waiting has it's importance although I'm already positioned. Around 0.618 profits have been taken, so I guess we can continue the journey to the moon !
Cheers, and don't forget to hold bitcoins ;)
Short where you want, long where you like to.
Last down move could be coming. Shorts may work out. However, if you've followed my previous chart which had shown all the possible role reversing level ( Resistance into support ) We've just touched the line and going back up again. I've known some traders bought in at the 1000s Level and you might want to hold even...
![BTCUSD: Descending broadening wedge pattern [4H]](https://s3.tradingview.com/3/3itPsZXJ_mid.png "Descending broadening wedge pattern [4H]")
