$BTC/USD Bullish Descending Wedge. Pain Before The Gain?

10 Nis 2018

If it keeps to the trend, it will drop further down the wedge over the next 7 days, potentially breaching, $6000. Watching for a unified historical Bollinger Band break (highlighted in blue rectangles) and RSI oversold signal for a potential BO event in the coming months. GLTA

10 Nis 2018

Not

However, if no BO event happens, she will continue to slide towards $2800.

19 Nis 2018

Not

BB slip occurred prior to movement, a good indicator of an upward swing that was missed. Might add MMAR to the mix to have a better view of reversal patterns. Now has to stay out of the purple wedge to confirm a BO event or she will follow bear trend.