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BTCUSD: BTCUSD Encountering Resistance Zone - Possible 3-day Drop
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BTCUSD, D Short
BTCUSD Encountering Resistance Zone - Possible 3-day Drop

Bitcoin is about to encounter the top of a falling channel. A rising wedge is clearly visible on the daily. Time cycles and decreased volume point to a nearing breakout. Selling pressure from profit-taking off the 455 bottom, combined with renewed fears of those who missed the two previous chances to sell in the 900-1000 range, may result in a 3-day downtrend ...

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