Short

Bitcoin, final rising wedge in the make?

Updated

It looks to be making a big rising wedge, knowing the Bitcoin it will make a false move on the upside. So there is probably room left untill maybe even 8600. So i will shorting this with as it comes near 8500/8600. For a medium term position. Unless volume increases all of sudden and if there will be other signals showing

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This is looking realy good now! I am short now at 8200! Again a double position. Below 8100 i will add more!

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And it was another failed outbreak! I have added at 8140

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I have added a short position at 8100. That's 4 positions now with an average of 8160. I expect a big correction for the coming day(s). My stop is at 8400, my target is around 7000/7500. If i get other signals i could close it earlier!

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It's making another sideways pattern. The longer it stays above 8000 the bigger chances get that this is a sideways/time correction from the impuls wave up from 5500. I had expected it to drop earlier, now things are starting to change a bit. The direction of the outbreak will come clear when volume increases and it breaks through the red or green area. If it breaks upwards with big volume, than i expect much higher prices. For now my stop is still around 8400 ( the red area).

botje11

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