RimmerDall

Triple top in ascending wedge coupled with possible bearish ABCD

Short
BITFINEX:BTCUSD   Bitcoin
0
The neckline of the triple top has been breached along with the the orange ascending wedge. These are strong sell signs, especially when considered with the possible bearish ABCD which predicts movement below $550. If $550 support is breached we could see a move all the way to the bottom of the red channel. However, if we see the formation of a double bottom near $561 soon this could indicate a rebound to the top of the red channel.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.