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$XBTUSD - Bitcoin Technical Analysis - Due correction in sight

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Let's look at the market and see what it is showing us currently.

We can see a big rising wedge has been formed and has reached a pivotal point and we might soon see due correction in price of Bitcoin. I expect the price to fall to demand area of 8050$ to 8400$

XBTUSD

I have published a similar idea as can be seen below which suggests that market would soon enter a correction (this is invalid if Bitcoin crosses 10000$ in a day or two). Check out the chart below
Bitcoin Daily Chart Analysis


If you like the idea, do hit like button. Thanks.
トレード終了: 利益確定目標に到達
This played out really well as expected. Will look out for an idea to possibly long. Hope you liked the idea. Hit like button to keep me motivated.
Bitcoin (Cryptocurrency)bitmexBTCUSDChart PatternsCryptocurrencyTechnical IndicatorsRising WedgeshorttermbearTrend AnalysisXBTUSD

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