Bitcoin which wedge is right? [BTFD]

30 thg 5, 2018

8400 next resistance to get over for the bulls

so which will it be?

wedge or triangle

yellow areas are demand and supply zones

31 thg 5, 2018

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the battle is on again....

31 thg 5, 2018

Ghi chú

Bitcoin is trading above $7,400 as of now which is confidence inspiring and definitely a good sign. Its formed higher highs and higher lows and the price action seems to be on the point of a reversal. Currently, Bitcoin is trading in a rising wedge on 1hr and descending wedge on the 4hr yet with very low volume. RSI is at overbought levels on the 1hr chart.


expecting big things on the 5th/6th June

31 thg 5, 2018

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not broken down yet, lets see what happens at the trend lines

staying in the upper gann fan area too, so hard to judge, like a knife edge

1 thg 6, 2018

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1 thg 6, 2018

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RSI showing the price will come down again to test lows

29 thg 6, 2018

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30 thg 6, 2018

Ghi chú

broke out of the triangle formation, which is a good sign

wanna see a push towards 7k for bulls to be back in control....