Descending Channel, Falling Wedge

28 gen 2019

I laugh, I cry. Bitcoin is taking a pause at the base of a large descending channel. Oversold conditions and a drop below the bands may indicate we're in for a short-term bounce towards resistance at 3485. Looking for confirmation above the falling wedge to enter a swing.

31 gen 2019

Nota

A buying opportunity has presented itself with the price testing the neckline of the small inverse head and shoulders bottom. A trade made with a cautious stop (still a bear market!) has a decent chance of seeing the top of the falling wedge.

31 gen 2019

Nota