Bitcoin, Bearish Rising Wedge Forming

2017年12月27日

BTCUSD appears to be forming a bearish rising wedge on the 4 hours chart. If the rising wedge breaks and Bitcoin -3.97% falls below the green support zone , look out below.

2017年12月30日

注释

Green support zone has broken, Bitcoin heading lower. First support comes from the top of the rising wedge in the $10,300 area, after that we are looking at approximately $8,300. To invalidate the intermediate downtrend we need to get back above the green zone.

On the longer term charts, the uptrend in Bitcoin is still very intact.

2017年12月31日

注释

Bitcoin may now be forming a bullish falling wedge. If we breakout above the wedge resistance and make it above the green zone, we could see new highs.