Big Decision Time For Bitcoin

20 de jul. de 2020

BTC 1D - BTC is currently in a falling wedge and is holding the bottom trend line support. Technically falling wedges break to the up side 70% of the time - There is also declining volume which indicates a big move coming most likely within the next couple days as Bitcoin is running out of room and is getting squeezed between the top of the falling wedge and the bottom line of support. If it loses the bottom trend line it will most likely result in a parabolic move to the down side - 1 thing to keep a note on each time it gets to the top of the falling wedge it tends to dump and this would be the last rejection before a major dump - If it doesn't break out of this falling wedge soon it will crash