BTC At Resistance (Update 1)

31 Ağu 2018

In the previous idea published circa 1 month ago, I drew a resistance trendline using 2 peaks formed in the downtrend. BTCUSD eventually formed a third peak outside the trendline, hence this idea adjusts the resistance trendline of the falling wedge. I think it is best to wait 2 months, i.e. 8 weekly candles, to forecast trend continuation or reversal of BTCUSD.