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MarkH99

Bitcoin, big picture and small picture

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Bitcoin (BITFINEX:BTCUSD)  
MarkH99 Uppdaterad   
BITFINEX:BTCUSD   Bitcoin
Support and Resistance Wedge BTC Bitcoin (Cryptocurrency) BTCUSD crypto Cryptocurrency bitfinex breakout
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supportandresistance wedgepattern btc bitcoin btcusd crypto cryptocurrency bitfinex breakout
Daily chart shows a big falling wedge pattern which indicates price rise. We need to wait for a break out or see if it bounces of resistance.

See comment for 1h chart...
Kommentera:
snapshot

1h chart shows a rising wedge. This one could drive the price back to 7k but it might also let BTC retest 6-6.4k. As always, it can also breakout resistance, which would be a very bullish sign.
Kommentera:
Please look at this. Bearish RSI divergence is occuring on the 1h time frame. This indicates something changing in the momentum. Usually it will drive the price down. This togheter with the 1h rising wedge give BTC huge potential to go back to 7k.

snapshot
Kommentera:
snapshot

Ascending triangle with huge potential of breaking down. When it does I will sharpen my stoploss to 6950usd (since I'm short)
Kommentera:
snapshot

Another nice one :)
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