Btc daily in a big erected wedge! Nearing historic resistance! Weekly crossing over middle BOllinger band which has also been historic resistance. Will btc see 2k again, and wouldn't you love to see that? Let's get the party started p
We saw an impulse up from an ascending triangle get rejected at our middle bolinger band forming a rising wedge. The wedge has sense broken south and forming a bear flag. If indeed a bear flag. We use pole length to determine trajectory which would fall right in line with a previous level of support around 3100
As bitcoin continues down this bearish channel I am still short. While there might be swing trades this is a no trade zone for me until we confirm trend reversal or get to my first buy target of 2k. Will start laddering buy orders at 2k with hopes to accumulate more at around 1k.
Bank of America formed a death cross around 29.45 then fell to around 23. After a bounce on lower B.B. we saw a move north to 28.50 or so breaking through our upper bolinger band. Hitting strong resistance and see a retest of middle B.B and poss a third wave down. Thoughts ?