ScottTeresi

BTC Analysis 4th June 2018

Short
BITFINEX:BTCUSD   Bitcoin
BTC is in a tricky spot here on the 4 hour chart, Rising Wedge formation which to me is a bearish indicator. We have resistance on the RSI also which backs my thoughts here on a possible pullback. I said we will have a pullback on BTC once we touch 7800 and we did that yesterday. Hopefully we touch the bottom support of the rising wedge and bounce, if not a break will be on the cards. Hopefully not to violent.



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