Another Quick BTC update
18/01/2019/10:00CET
hourly bitcoin chart
- This wedge has widened a little but still stands pretty much the same as in the last update
- Price action is coiling suggesting a more serious move is coming
- Higher lows and lower highs - the classic wedge
- also the bisection of the wedge is the rs level of 11th till the 13th - around the 3625 usd mark
- we seem to have settled at this level again as of the last 18h
Trading opportunities?
Shit guys! I feel that without a clear medium term trend, it's all just hanging in the wind. All we can interpret is a continuation of the larger trend which is still biased downward.
If you are a hodler, keep hodling, if you are not then I guess selling must be on your mind about now.
As always guys, leave comments, have fun and trade safe.
Disclaimer: This post is not financial advice. Before investing any funds do your own research and make your own decisions. Cryptocurrencies are highly speculative.
And finally: Do not invest money you are not comfortable losing.
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