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fullofsoul3

BTC giving bearish signals

Bitcoin (COINBASE:BTCUSD)  
fullofsoul3 Atualizado   
COINBASE:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Wedge BTCUSD btcusdshort Bearish Patterns Cryptocurrency cryptotrading crypto cryptopattern
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trendanalysis chartpattern wedgepattern btcusd btcusdshort bearish cryptocurrency cryptotrading crypto cryptopattern
1. Forming a rising wedge - if it occurs in a downtrend then it acts as a continuation pattern and in an uptrend its a reversal pattern.
2. Bearish divergence on RSI and MACD

Waiting for the confirmation if it breaks below the rising wedge, target of a dip is shown in the chart.
Comentário:
So far, BTC is bearish, it got rejected from wedge's lower line.
There is a strong support at 53164, price could also bounce back from it. If it breaks below this level, then for sure BTC will meet the target mentioned in the chart
Comentário:
That is amazing, it exactly reached the bearish target after breaking the wedge!

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