imnadim

BTC Next Move

Short
BITFINEX:BTCUSD   Bitcoin
On a weekly level, we can see 10K is the local top now. Using BB and classical triangle/wedge we can see mean reversion happening towards multiple time frames. Right side of the triangle is acting as a virtual resistance/support indicating a slow painful bleeding pattern ahead in coming 2 months. Be careful of the scam wicks during this time period while BTC will keep posting lower highs until the move is done.

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