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mohammad_e_c

Breaking the top of falling wedge is in trouble!!

Bitcoin (BITFINEX:BTCUSD)  
mohammad_e_c Updated   
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Harmonic Patterns Chart Patterns
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trendanalysis harmonicpatterns chartpattern
Hello dear all!

As you see on the chart we just met the pivot point together with the top of the falling wedge and a previous downtrend line. Needless to say that reversal PA pattern is forming...
Comment:
The previous 4H candle respected the resistance area and the current 4H candle is still bearish.
Consider that we are in a short-term overbought situation
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