Bitcoin
Short

Which way to go?

By nestay
Updated
Rising wedge , rising channel , bearish divergence, possible H&S print...how long will it take for bears to take over again?
There is still a chance on a short squeeze + bullish cross on the weekly macD so if we fail to dump a last touch of the wedge resistance at 7500-7700 could play out too.
Comment
snapshot
38.2% next main support as predicted
Comment
snapshot 0.382 hit and bounced. Next decision: 0.5 (to print left shoulder) or break of the channel to the the next support at 0.236 (6510).
Comment
snapshot broke the channel and 0.236 support
Bearish PatternsBitcoin (Cryptocurrency)BTCBTCUSDChart PatternscryptoDivergenceshortTrend Analysis
nestay

Related publications

Disclaimer