Long

My first ever BTCUSD chart Analysis please dont bash me

Updated

Bitcoin seem to be in a descending broadening wedge that if it breaks up might see us back on the bull run or close to retesting 13k regions, and a possible 16k test if we extrapolate the recent bull run before a retracement from 13400. On the bear end we might re-test below 10k levels once again if we break to the bottom of the pattern and possible as low as 8k bitcoin which might have a lot of short positions filled on the way down getting the much needed fuel to support another very possible parabolic bull run.

Note

as suggested by Daysandwicks we have a falling wedge instead, i thus stand corrected

ChartPicasso888

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