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FxDollarz

Bitcoin/US Dollar - Potential Short Set-Up

Short
Bitcoin (BITFINEX:BTCUSD)  
FxDollarz Updated   
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Bitcoin (Cryptocurrency) bitcoinforecast bitcoinprice bitcoinmarkets bitcoindollar bitcoinusd bitcoinscenarios USD
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trendanalysis bitcoin bitcoinforecast bitcoinprice bitcoinmarkets bitcoindollar bitcoinusd bitcoinscenarios usd
Possible rejection from all time high resistance back down to the lower trend line. Confluence at $4200 price level from the 0.382 fib line and trend.
Comment:
We could also potentially retrace back down to $3700 on the lower-most trend line, which could really set us up for a chance to break the ATH resistance.
Comment:
Looks like we could form a wedge between $4700 - $4950 before breaking down.
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