forexcanada

BTCUSD not looking good short term

Short
BITSTAMP:BTCUSD   Bitcoin
Bitcoins is an awesome instrument to use technical analysis. Still don't get the idea of owning nothing but whatever :o) Price just broke the lower rising wedge trendline. We even had a retest earlier today with price touching the lower wedge line. Statistically, Bitcoin rarely miss two pivots in a row. We have one at around $45k and the other at $37k. Not worth buying now at current price.

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.