Rising wedge broke down: target 3200

We bounced off trendline back down and broke the rising wedge. This should lead to a drop back to 3200, potentially revisiting bottom below 3000

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Ideal entry would be 3985

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I adjusted the lines of the wedge a bit, check it

Target would be 3250

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trustnodes.com/2017/09/19/china-bans-bitcoin-executives-leaving-country-miners-preparing-worst
Things are getting ugly, china ban might be total.
Wsj also suggests all bitcoin transactions are no illegal and that the gov. will block blockchain sync

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4055 is a key level in the next hours

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I like this fractal. Could play out.
As the wedge points down to 3250, closing at 3475 could be a good idea.

By the way, more doom rumours
twitter.com/bitcom21/status/910579544897200128

China could potentially "kill" mining by either completely banning any form of crypto-fiat trading or even by seizure of mines

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We are breaking the support, if we finally break it, 3475-3500 should happen real fast.

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Potential bear flag pointing to 3475 support

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We are on our way to target 1, should happen in the next hours

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3814 level held and we are heading down again

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Potential and most likely scenario

bagofXMR

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bagofXMR

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