hosain_noorani

hosain_noorani

Bitcoin got rejected by the important legacy resistance trend, 50 DMA and the strong resistance in the falling wedge pattern. Price target and the possible breakout point out of the wedge pattern showing on the chart. Good Luck

hosain_noorani

-Bitcoin Legacy strong resistance -Big Falling Wedge resistance -Short term Rising Wedge Breakout to the down side

hosain_noorani

Short it

hosain_noorani Updated 

Bitcoin is at a very critical decision point. The breakout of this triangle will either take Bitcoin to the 8900 or the 6010 ranges. Bears are pushing forward to win the tug of war but the bulls are putting a glorious fight! Very excited to see the outcome. Good Luck

hosain_noorani

Bitcoin breaks out of the Symmetrical Triangle (black lines) to the upside, only to be trapped inside a potential Rising Wedge pattern (orange lines) which is considered to be bearish. The target price for that would be 7135 USD. Good Luck trading

hosain_noorani Updated 

BTC is shaping a Rising Wedge at the moment and is very likely going to have to deal with two strong resistances forming a cross at 7378 and also the next resistance at 7440 Next target would be around 7150 Good Luck & be safe out there

hosain_noorani

BTC Rising Wedge