MuMounir

The Biggest falling wedge ever for BTC!

BITFINEX:BTCUSD   Bitcoin
Again i'm confirming that i'm not a master trader but i'm trying to learn, therefore it is appreciated if you can all guide and polish thoughts.
As i can see we are in the middle of a falling wedge that we are trying over and over to break from it to start our bull run but unfortunately we couldn't yet.
We tested the support of the wedge and i think we are going to bounce to the 37xx-3800 levels which is the new resistance of the wedge.
If we successfully break it we are going to make a new analysis but the bottom of the wedge in case we didn't break it is 29xx-3000 level.

Be safe if you're trading guys..
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.