DonoCrypto1

BTC - Possible Bullish Falling Wedge Forming? 2019 Moon!

BITMEX:XBTUSD.P   Bitcoin
As we approach closer to the end of the year, expect further sell-off due to "tax purposes."

The last dump confirms to me that sells pressure is definitely weakening, so I'm expecting a few more rejection on the upper trendline, but strong support at the lower trendline as this is becoming the demand zone. A wick to the 2850 area should be the final nail in the coffin for the bears.

2019 is going to be great or else we're going down to the lower 1k's.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.