Bitcoin ideas关于BITFINEX:BTCUSD由tradingtomnl提供

trendanalysis supportandresistance trendline btcusd bitcoin trend tube wedgepattern 5000 8000 august downside

BTCUSD Depends on what happens with the tube/downtrend we are in now. If we break 6000 we may see the 5000 downside target. If we break out of the downtube we may get back in the wedge we are creating. This wedge isn't finished. So we will continu with building this wedge till I think somewhere August and could fly up again!

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So far we are following the expected line that I've drawn. As I see it we will see a break-out with possible restest in 3 days (See screenshot below).
The break-out was false as far as we can see now, possible a whale that is getting in/out of bitcoin or manipulation to trap buyers/sellers. Since the price came back to the expected drawn line that is my conclusion.