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lawlee9
7 mai 2018 02:36

BTCUSD - 7K then up Long

Bitcoin / United States DollarCoinbase

Description

Price is trapped in a wedge formation, while having already broken out of a trendline that's been acting as resistance. I think we may come down to 7K to hit the last swing in the wedge, and then head for a breakout.

Commentaire

the closing of this 4hr candle will confirm whether we're going down or up from here. i think we're going down to 6.7K.

Commentaire

bitcoin broke 8k after breaking back below previous posts trendline. still has a long way to go in a short amount of time. keeping the 6.7K idea until the 26th. if it doesn't get there by then, we might see an early move up.

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