Cryptocurrencies Strategy

BITCOIN: Bull Flag & Falling Wedge

I know, I know… I have been searching and telling you about it many times lately…

This is becoming boring…BITCOIN is moving terribly slowly…tracing a downtrend path which does not give us positive feelings right now. But, you know, Volume is the key right now. Volume has decreased a little every day, forming a “Falling Wedge” but, essentially is more or less constant if not flat at 5.5b$

The Bullish Divergence is still there and now BITCOIN is approaching to the upper resistance of this Falling Wedge. This breakage is the key now…

If, while approaching to this line, the Volume spikes then it would be very likely to reach the point (d) of our looooong Bull Flag…at 3800 USD

Enjoy!

@toofasteddie


*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.

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