Rising wedge on Bitcoin (BEARISH). Watch out for the drop! Short

Bitcoin / United States DollarCoinbase

Description

⋅ Feb 10, 2020 9:25 AM

We got rising wedge on BTC, and two fakeouts to lure traders into LONG TRAP. We can also see that Bitcoin is oversold on RSI. This indicates that BTC is going down. The TARGET SHORT AREA is 8200-8400.

Chart Patterns

Comments

substance90

⋅ Feb 10, 2020 9:50 AM

The bears shall finally prevail!

DrNibbles

⋅ Feb 10, 2020 9:38 AM

Yep