Descending wedge has nowhere to go

29 Jul 2019

We can see that there is quite a good support level at 9100.

The descending wedge is getting cornered with nowhere to go. Straight up or straight down are the two big possibilities.
Although I believe it will go up because, we have been in correction for some time now.

2 Ogo 2019

Dagangan aktif

BTC is now approaching a rather important resistant level of 10800, if there is enough volume the next target will be 12100.
I'm not sure if we'll be able to go through 10800 during the weekend, maybe only during next week.

4 Ogo 2019

Dagangan aktif

If this was swing trade, this trade's goal would be more than achieved.
We are roughly 15% above the initial call. Pretty good profit.
But I still see some game going up to 12100.

The movement has been slow but sustainable, which is good news.