umer_majid
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0Joined Jun 10, 2017
btcusd
dgbbtc
supportandresistance
trendanalysis
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In the previous idea published circa 1 month ago, I drew a resistance trendline using 2 peaks formed in the downtrend. BTCUSD eventually formed a third peak outside the trendline, hence this idea adjusts the resistance trendline of the falling wedge. I think it is best to wait 2 months, i.e. 8 weekly candles, to forecast trend continuation or reversal of BTCUSD.
1
DGBBTC
,
1WLong
Similar to many alt prices against BTC, DGB is at long term support. In my opinion, a good time to buy (if you hold BTC) and hold for 1 to 2 weeks.
3
Long term falling wedge. If upward breakout fails, buy near wedge support (bottom line).
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