BTC : Bearish 'Rising Wedge' (30min)

Lack of Bull Volume is making the validity of this Rising Wedge all the more interesting.

We'll need to confirm above $7650 to invalidate this Rising Wedge.

Let's see what happens soon...more downside ?

Stay sharp :-)

Kommentera:

I won't be surprised if BTC meanders for the next 8 hours or so, reaching $7700, and then dumping to $7150 - $7300.

I'm ready to go Long or Short when the play is there :-)

Let's see....

Kommentera:

Bulls are definitely trying to protect the $7555 price-point in the short-term here.... $7555 could be the prelude to the Bears wrath. Bulls can feel it.

Bulls need to CONVINCINGLY get above $7730 now to lull the Bear back into short-term hibernation.

This is all my own opinion, I'm not a Guru :-)

Kommentera:

Bulls need to protect $7590. That’s now outside the low-side of my Wedge.

Bulls need more volume. Just a few Bulls representing the Herd presently.

Bears starting to smell weakness...

Kommentera:

Bears feeding on Bull meat.

$100 move down from $7620 to $7522 in 30 mins

I think Bears are still very hungry...