reees

likely to retest trendline, lower 30s

Short
reees Updated   
BITSTAMP:BTCUSD   Bitcoin
there's a lot of resistance around $40k (where 3x selling pressure picks up, and 4x buying pressure drops off). expecting price to break down from the ascending wedge and retest the trendline in the lower 30s. should be a good opportunity to buy there.
Comment:
H&S or bullish channel? i'm guessing H&S, but if we head to the top of the channel i think that's extremely bullish.


you see where that innocent little channel is heading?!

Comment:

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