BTC Breaks out of rising wedge, look for higher low as support

4 ביוני 2018

As most of us knew, at some point BTC would breakout to the downside from this rising wedge. Such is the nature of these things. Typically the target should descend by at least the value of the wedge height. Please setup stop losses if you haven't already tethered as a breakout to the downtrend can last longer than expected. I expect BTC to find support around ~7,137 technically, but we must be careful here.

Not financial advise, just my opinion. Feel free to share yours.