MCassICT

BTC Bullish but Cautious!

COINBASE:BTCUSD   Bitcoin
BTC has had a good run over the last week and I think everyone is quite aware of the large inverse head & shoulders that has been forming over the last couple of months. We are hitting heavy resistance at the 11600 and I would also like to point out the rising wedge leading to that resistance. Be aware of that and be ready for a possible drawback to 10250-10300 over the next couple days. If you are going to make a play on the inverse head and shoulders, I would wait to confirm the breakout first.

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