BTC falling wedges possible reversal

11 Feb 2018

Very simple idea. Two falling wedges; the first fake out was reversed, we have a second chance now.

Two scenarios:

1. breakout from the falling wedge & retest of 9k
2. continue in the short-term channel toward 7.5k & 7k. demand will be increasing as price falls, so I don't expect new lows.

people are selling because in the past several Sundays price had fallen every time.

that is a coincidence.

11 Feb 2018

Nota

probably wasn't clear --- I think s1 more likely.

11 Feb 2018

Nota

We have two green candles on the 4h chart now. Over 8.5k we're safe.

11 Feb 2018

Nota

I think after we failed 9k, BTC has gone back to the accumulation zone I mentioned in my previous post. There's no dramatic 6k or 10k scenarios immediately before us.

11 Feb 2018

Nota

probably should've written: no obvious dramatic ... scenarios in front of us.

12 Feb 2018

Nota

retest of 9k is likely

12 Feb 2018

Nota

wow, really jumped in the last 25min

12 Feb 2018

Nota

bull flag.

12 Feb 2018

Nota

Going up but a rising wedge is forming w/ apex @ 9.5k

Most likely will follow my original post (last post): 9.5k -> fall to at least 8k.

13 Feb 2018

Nota

failed 9k again. should bounce @ 8.2-8.3k

13 Feb 2018

Nota

I actually see a rising triangle potentially forming soon. I posted the details on my YouTube channel. I plan to post daily FA & TA videos there.