Gibmoses

[BTC/USD] - NEXT TARGET?

Gibmoses Mis à jour   
BITFINEX:BTCUSD   Bitcoin
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Welcome to the update analysis on Bitcoin! I'm gonna keep it short and simple. Here on the 4h chart, you can see that BTC got rejected at 3700 as anticipated, The question is whether or not we break the resistance line (upper grey dotted line). As you can see from the 4h chart, RSI is overbought, I think we could see a downtrend to lower levels bounce inside of the falling wedge, but a breakdown is definitely possible. Either way, The bear market is alive. There are no indications indicating the bear market is over. Don't lose sight of that.

Good luck to all;

Transaction en cours:
I've been getting a few requests to update btc;
here's a possibility of how this might play out;

Trade fermée: ordre d’arrêt atteint:
Stop loss reached.

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