sarged

Wedge still in play

Viés de baixa
BITMEX:XBTUSD.P   Bitcoin
Although we did break out of the wedge, the current situation of bitcoin just doesn't look bullish.
It is developing a descending triangle, and could be a wyckoff distribution just below the resistance, ready to repeat the march dumping.
And once the trendline that supported the bottom of the wedge breaks this would immediately trigger more sell off and snowball.
Invalidated if closed above the resistance blue line, in a bullish scenario it could briefly test 10k before a retrace.
Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.