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Oops_I_Charted
8 Th04 2017 18:23

Bitcoin BTCUSD - Hitting Significant Resistance Points 

Bitcoin / DollarBitfinex

Mô tả

Bitcoin failed to break through some significant resistance points for now - will probably need time to recharge before it tries again.

Watch the Rising Wedge - if it breaks downward from that we'll have a decent fall in the short term.

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Well it's broken downwards from the wedge but let's see if it holds!

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It's outside the channel now pretty definitively, and still having trouble breaking above one of those resistance lines.

Here are a few half-assed ideas about the short term:

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kiennv.bk
look like it already began to move out the channel. I expect a short drop
Oops_I_Charted
@kiennv.bk, Yup it's left the channel on both Bitfinex and Bitstamp. Finex is testing the channel boundary again so we'll see what happens but I think it's probably about time for some retracement anyway
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