FrederickDupont

Big Bullish Descending Wedge On Bitcoin

BITSTAMP:BTCUSD   Bitcoin
Hi guys, so it looks like bitcoin is stuck in a big descending wedge, which is mid-term bullish. However, before we break this triangle upside, I think bitcoin need to correct a bit more and go a little bit under 9k where we enter a really strong support zone. really looks to me like between 9k & 8k will be the bottom for bitcoin before the next major move.

Stay tuned for more updates,

Fred

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