BTC FALLING WEDGE REVERSAL BUT WHICH SUPPORT?

2018년 7월 1일

Bitcoin is having some bullish signals but since its pump we have been on a retracement and once again but we just have to find the right support and know when we will be getting out of the wedge and once we get out there is another downward trend we would have to get out from and I think we will be testing it at 6600-6800 USD. So we have three supports, we tested the first one at 6254 USD and had a quite small bounce to upper 6320 area but lets see how strong this support is, if this support is broken then we will move to the next support at 6193 USD we will see if we are getting out of the wedge from this support, if we break this support and bears stand their ground, then we will move to the next support which will be at 5911 USD.

However my prediction is that we will test the support at 6254 USD once again after which we should bounce and get out of the wedge and test the downward trend which we have waiting out side the wedge and we will see if the bulls are good enough to break the resistance.

Good Luck, Traders!