Cryptonite_trader

BTC bull or bear?

BITFINEX:BTCUSD   比特币
Looking at the 1 day chart on BTC

What is BTC playing inside the wedge. Will it break bullish or bearish? Time will tell
If bullish target is between the 618 and 786 fib
Histogram looking ok
Willy is not yet over sold
Volume is dropping off
OBV has made a bullish cross

For me I will be watching how BTC plays out this wedge before I make any trades. Sometimes its better to cool your jets rather than forcing a trade.

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