BTC forms another higher low; testing top line of faliing wedge.

٥ يونيو ٢٠١٨

BTC continues its higher low/higher high pattern by forming another higher low on the 4hr chart. and is now testing the top trendline of the falling wedge again. To continue its bull pattern we will want to look for it to reach a higher high than the last higher high of $7777 I personally think we will be heading up to 8k before the next retrace but are currently finding resistance at the falling wedges top trendline. I see enough room on the 4hr rsi to overcome this resistance though...so I'm listing this idea as long. You make your own choices though as this is not meant to be taken as financial advice.

٥ يونيو ٢٠١٨

ملاحظة

Some speculation on my part: it will break upward to the tan line around 7793 and after creating a higher high there it will then dip back down again for another higher low and then blast off tomorrow up out of the bigger descending triangle pattern.