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JimmyRussell

Descending wedge on Bitcoin BTC charts. Let's see how this goes.

Long
Bitcoin (BITFINEX:BTCUSD)  
JimmyRussell  
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators BTCUSD Bitcoin (Cryptocurrency) BTC
2
0
trendanalysis chartpattern indicator btcusd bitcoin btc
I spot a descending wedge on BTC/USD charts after the price bounced off 150 EMA which has acted as support for BTC multiple times in the past few years. These are bullish signs. In addition, the MACD on the 1 day chart also looks like it is turning positive and the MACD on the 1 week looks to be positively diverging. I predict the price to start moving up soon. Let's see how this goes...
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