Waiting for confirmation
Rocket to the 200 day moving average.
Looking for a rejection and deeper fall into the red.
Testing out the Skull and Rockets Indicator tool
Ticker Biti will benefit from decreases in the price of bitcoin futures contracts for a single day.
Bitcoin had broken below it's 200 day moving average Sunday August 4th. and over the next week has rebounded back to it's 200 day average @ 61,879 as of Friday August 9th.
Why would it get rejected at the 200 again and move down?
-JP Morgan has published, that...
I see a Rising Wedge pattern taking shape.
This is a bearish pattern and when the lower trend line is broken the chart breaks to the downside.
The Flash crash that started in Japan was quickly bought up. There is a lot of buyers at the volume profile. I don't believe the lower trend line has been broken, and the pattern should continue.
