BITCOIN: The Eternal Falling Wedge

For the moment, BITCOIN is keeping a constant volume around 5.4b$, the “Falling Wedge” pattern still seems to be the more adapted to the current chart.

RSI oscillator moving inside the “safe” zone, nor oversold neither overbought conditions are in play.

As you can see in the chart, an “A-B-C” correction is still on going, last leg, “C” seems to be composed by 5 sub-waves from which the 5th is just in formation. This Five waves are disposed in a Falling Wedge Pattern which, as soon as BTC reaches the vertex , the likelihood of having an upwards movement increases.

In my opinion, we should see another last low reaching 3304 USD. At that point BTC price has to grow.

Let’s Cross fingers


*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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