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Nilsie1988

BTC seems to be recovering, but don't be deceived

Short
Bitcoin (BITFINEX:BTCUSD)  
Nilsie1988  
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Chart Patterns
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BTC seems to be recovering from the low around 5400.
But I am not bullish yet. A lot of traders claimed it should retest the support around 5000USD and I agree.

BTC is currently in a rising wedge pattern. If the value goes up towards yesterday's high around 6700, I can see it go up further towards around 6900 (which is previous low).
After that I expect a decline toward 5k.
I personally believe anything above 6800 would be a very good short.

Good luck:)
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