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Kendrick_Chan

BTCUSD | beware of a crazy selloff if 8000 doesn't hold

Short
Bitcoin (BITSTAMP:BTCUSD)  
Kendrick_Chan  
BITSTAMP:BTCUSD   Bitcoin
Support and Resistance Trend Lines Wedge priceac false
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supportandresistance trendline wedgepattern priceac false
  • it broke the wedge making an illusion of an new upward trend
  • it then false broke 10000 and a long-term downward trendline, which should have trapped a lot of people
  • if it continues to break 8000, the wedge will be false broken, which is super bearish
  • never trust any fundamental news about Bitcoin, the whales dominant the price movements
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