jambalulu

Bigger dead cat bounce incoming?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
We seem to be confirming another downtrending resistance line that suggests that we are yet again in an even bigger falling broadening wedge , but the pattern that we are currently in within that wedge is a bearish rising broadening wedge , so if i had to guess I would assume this big line of resistance will be broken pretty soon, the price will move up within that secondary smaller wedge , and then we will continue the correction to the downside.
What do you think?
Will I get it right?
Share your thoughts in the comments below.
Very cool idea.
Reply
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