BitcoinUpdated Same scenario as the fall from 5 september 2018?
Hello guys, please hit the like button if you like this idea.
I found a similar pattern as the one we are in now, This is the pattern that we are in now:
As you can see, we are currently in a rising wedge and we are testing the support. We could have a pump to $7400 before we get a correction, but either way I think that the possibility of falling is biggest. If we fall down, we will find our first support level around $6570 and the next is around $6100. This is all very similar to the situation we were in on 5 september 2018:
Before we fell down we had two little pumps, one on 3 september and one on 4. This could happen now too, the first one would be the one on 12 April. So we could have another pump, the one that I already mentioned. If this happens, we could be rejected at the $7400 area, and we would probably fall trough the wedge to the support level around $6570. Their is a big possibilty that we will continue to fall to the next support around $6100. The next support would be around $5300.
Thank you for reading this idea! I hope it's useful.
This is not financial advice always do your own research.
Note
Broke the $6783.7 and the $6760 support. Currently moving towards the next suport level around $6690. If we break that support level, we will probably fall to the next around $5800.
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