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.