moon333

Falling Wedge 1 to 4 hr chart

Long
moon333 Updated   
BITFINEX:BTCUSD   Bitcoin
Hi guys, after all today's all destruction in market btc is moved to a falling wedge position in 1 to 4 hrs chart and most of the times it has been observed in 80 percent cases falling wedge push the price to bullish reversal so it is very optimistic situation and we can hope for soon a bullish reversal at least to the previous position which can further push the rate to 7000 to 7100 the target price.
Trade closed manually:
Now BTC has broken the breakdown of previous 1 hr descending triangle now it will continue down to day chart's pennant support which is 6000 to 6100
Trade closed manually

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