dradx

Tested the top of the descending broadening wedge

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COINBASE:BTCUSD   Bitcoin
Just tested the top of this formation.

Look to either retest resistance ~9600 or reverse back down to the bottom ~4500.

I would hope the 200 weekly would hold if we head lower. This seems to be a great time for bitcoin to grind on the resistance and breakout to the upside.

Hard to believe it could go to the mid 4k levels in this pattern, but I could have said the same thing when it was at 10,500 and dropped below 4k so....

Keep watching this pattern. It looks good right now.

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