BTCUSD: 1D caught in broadening wedge

May 23

As above.

Broadening wedge looking in paly for BTC price action on the daily chart and looking bearish in the near term.

Watching for continued supports and resistance levels and any bearish or bullish breakout of upper and lower trend lines of the wedge.

Will follow.

Good luck traders!

Jun 11

Note

Double top rejection and still caught within the widening wedge/megaphone pattern...

Jun 18

Note

Looking like bearish continuation, at least in the near term. 60K likely next target with some local support. Will follow.

Jun 24

Trade closed: target reached

As predicted above...will continue bearish trend, low 50K likely target after 60k support breaks. Will follow

Jul 4

Note

Yep.... as above... down we go

Aug 6

Trade closed: target reached

WOW! Hell of a ride down but true to form!!!