Bitcoin Wedges And Silver Zig Zags

in #bitcoin6 years ago

The Easter weekend was a make or break for the Cryptos. I wrote that Bitcoin needed a bid, I wasn't fooling around and it wasn't just talk. The control lines are the entry / exit, I use the closing price either for the day or week. For the week, we still need to see the price above the 55 week moving average. Today we closed above the the control entry exit...... so far so good.

Bitcoin is indicating a wedge, the second wedge on the chart (the one we're in now) is a true wedge. Will have to see how this unfolds...... overall it's a good sign.

Silver........ the bottom chart. It's been a long time coming but it looks like a double zig zag to me. I suspect a hit to $15 usd to finish it off and the breaking resistance..... will have to see.

Bitcoin daily support resistance - andrews pitchfork -April 3, 2018.jpg

Bitcoin daily descending wedges -April 3, 2018.jpg

silver double zig zag April 3, 2018.png

All data and information provided is for informational purposes only. Trend Wizard makes no representations as to accuracy, completeness, currentness, suitability, or validity of any information in this post and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis.

Coin Marketplace

STEEM 0.17
TRX 0.15
JST 0.027
BTC 60678.52
ETH 2339.38
USDT 1.00
SBD 2.48