Hey guys,
bitcoin has formed a falling wedge pattern, when broken there could be a short term long trade. At the moment I am watching for a breakdown of 64k and want to see increased volume in confirmation. If we see a false breakdown of 60k and a quick retracement before the wedge breakdown, it will be another confirming bullish factor, in case of a false breakdown we can look for an entry point lower than 64k. The targets of the wedge will be 66-67-68 thousand. Cancel this scenario consolidation below 60k, in this case we will need to look for a set up for sale.
Always DYOR.
Stay tuned.
