BTC short term reversal
A reversal trend is forming, a break from wedge will be confirmation. Price will have to break through 100-period moving average support. May see price drop to 2500 (~10%). I'd expect 200-period MA support.
Note
broke wedgeNote
2700 wedge trend now resistance. I'd like to see price break 2650 & the 0.382 fib for a solid down trend to ~2500Trade active
broke support
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.