InTheBellyOfCharonsWhale

Bitcoin facing tough resistance, but some positive signs

BITFINEX:BTCUSD   比特币/美元
This is my first chart on here. From what I can see, Bitcoin             is in an ascending wedge pattern( Bearish ) since the last low below 3,000 USD. In addition we are currently around 0.618 fib retracement level from All time high, ad there is a lot of resistance above this around $4,400 as well. It will need a strong buy volume to push upward. On the positive it has broken out of the major downtrend recently and 50 day ema has passed above 100day ema on 4 hour chart. Also been using cloud analysis learned from IAmSatoshi and using 4 hour bitcoin             ichimoku . (1)Price broke above cloud, check, (2)cloud green kumo twist, check, (3)Tenkan Kijun line cross check, (4) trailing indicator above cloud and price, check.

In Short I have no idea where bitcoin             is going to go in the next few days but keeping an eye for a potential signs strong move either up or down.
评论: Do to heavy resistance,and bearish chart pattern, going to call bearish on bitcoin for now.
评论: *Due
评论: Price just bounced off top side of rising wedge. In the shorter term time frame there appears to be a reverse head and shoulder pattern has formed. If it break out of the bearish wedge and up above heavy resistance around $4,400 I'll go long
评论: Bitcoin has broke up out of ascending wedge. This is very bullish. If it Can break past $4,400 dust off your moon boots boys
评论: Dusting off those moon boots was a good call lol
@IAmSatoshi I mention techniques here from your youtube videos. Would you agree?
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IAmSatoshi InTheBellyOfCharonsWhale
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