schawin999

BTCUSD consolidation

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
BTCUSD is testing restistance, above which it will break out of a falling wedge pattern.
It has just broken out of a rising trend channel also, so expect some sideways movement and possibly slight correction here before any breakout.

Comments

Could be a lot worst than sideways and further reversal towards 34-30k. Then the same story, it breaks and we are down for 27-23-20k roughtly.
+1 Reply
schawin999 balaupre
@balaupre looks like you’re right - retesting lower edge of that wedge
+1 Reply
balaupre schawin999
@schawin999, Been off few minutes and missed the flash dump. Shame! Anyway, probably furthermore drop in the coming days. I reckon BTC will go down more to be able to pump above 45-50k.
+1 Reply
keep it bud.
+1 Reply
Not selling - just predicting sideways movement
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My first idea
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