AndreAndrez

AndreAndrez

Bear break on bitcoin following consolidation triangle, support at round 7k USD broken. Volume supports down movement with most likely target at 6850 and if broken 6450. Share your comments :)

AndreAndrez

Tightening of two ascending wedges showing to retest 4000-4100 and if breaks it might dive to 3200-3400. Overbought RSI on the 4 hour frame which seems to confirm higher probability of changing short term trend. Be careful on the bull trap following September price dive. Move with the market and remember the first rule: preserve your capital. Good luck :)

AndreAndrez Updated 

Bears in control. After breaking rising wedge, currently forming a descending triangle with base at 3,830. If broken short to retest 3,550 with resistance at former triangle base (3,830). If so be aware of Head and Shoulders to retest 3,000. Good luck :)