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tapasdhanadana

Bitcoin, Are you still Bullish ? Then wait to see

Short
Bitcoin (BITSTAMP:BTCUSD)  
tapasdhanadana Updated   
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators Bitcoin (Cryptocurrency) bitcoinforecast BTCUSD BTCUSDT btcusdidea btcusdanalysis btcusdshort btcusdsignals BTCUSDBEARISH
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trendanalysis chartpattern indicator bitcoin bitcoinforecast btcusd btcusdt btcusdidea btcusdanalysis btcusdshort btcusdsignals btcusdbearish
BTCUSD is inside a Rising Wedge.

Currently the price is near the 200 MA in H6 chart, this may definitely resist Bitcoin and push back the price. Also Bitcoin moved up to 61.80% fib retracement. So niw this is the most important level for bitcoin to watch now.

If bitcoin breaks the lower trendline it will confirm the break of rising wedge and bearish reversal of Bitcoin

Stay Tuned, 👍
Comment:
The Breakout below the lower trendline of the wedge is not strength enough; Monitor Small Timeframe like 1 Hour!
Comment:
Went 10% Down since publish of this Analysis!
Comment:
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