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TraderAvDM
21 apr 2020 17:27

Bitcoin has probably formed a top, 3800 next? Short

Bitcoin / U.S. dollarBitstamp

Descrizione

Hello friends, publishing an idea on Bitcoin after two weeks. My previous idea was about selling at 7300 at the Descending Trendline and Upper TL of the Rising wedge.

Fast forward two weeks and Bitcoin has already broken out of the rising wedge.

It also appears to have created a Top. So, the direction in the next few weeks will likely be downwards. I don't expect a sharp drop but a gradual decline.

It will probably correlate with the Major indices as it has been doing for the past few months.



Commenti
WorldEconomics
Yup! Spot on
TraderAvDM
@WorldEconomics, That's a great chart buddy. We have similar views :)
Matthew1972
@TraderAvDM, volume to support a breakout of the falling wedge? Where is it?.....
UnitedFreedomJapan
@BTC_Halving_20, how's life in Nigeria these days?
Spatial101
@SatoshiBTCQueen, it hasn't been funny at all
Altro