Bitcoin - Bullish Falling Wedge - 10800$ Target

18 mars 2018

Hello,

Its been a while since I have done an update. As in the chart, we can see a falling wedge, these tend to break upwards, the technical target is around 10800$.

This pattern/Idea is only valid upon breaking out. So I wouldn't recommend buying in right away. Instead, wait for the breakout and candle closure above the resistance line for confirmation.

~DCFreak

18 mars 2018

Note

So here is the overall picture:

We got the log scale resistance/downtrend line
We also have the falling wedge pattern with a target of 10.8k$
We also got an oversold Stoch RSI on the daily frame... so a rise? [kinda supports breaking up from the pattern]

10.8k$ is exactly the point where the price would reach the log downtrend line without breaking through it .... just coincidence or means something? ^^

19 mars 2018

Note

Bearish Div. watch out

23 mars 2018

Note

Spinning top
Also, MACD failed to cross up, if it doesn't cross up within a couple of days then that would mean back to downtrend.

24 mars 2018

Note

As I told the tele followers, stay in BTC not LTC/ETH.... now you can see that BTC is going up much higher than ETH/LTC. This is a bullish sign.