Ascending Wedge Bearish Pattern for BTC

7 Haz 2018

Ascending wedge formation still in full force for the 4-hour chart of bitcoin. Needs to break the upper channel at around 7790 with momentum and volume to invalidate the pattern. If the bottom of the wedge is broken out of, expect another touch of the long-term support which is now at around 7150. If that support does not hold, expect a revisit to the previous lows around 6000.