RE: Time to be buying?

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Time to be buying?

in trading •  7 years ago 

I'm not so sure that the wedge hasn't morphed into a symmetrical triangle breakdown with a target somewhere around 7,500.

BTC01022018-2.jpg

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7 years ago by

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      ·  7 years ago 

    The falling wedge still looks in tact to me, but very close to invalidating the pattern. Prices are gunnin' lower as we speak, but I'd expect a rally day tomorrow. Let's see what happens...

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      ·  7 years ago 

    Yep. It's a bigger wedge now, and better defined. Well worth the watching.

    BTC02022018-2.jpg

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      ·  7 years ago (edited)

    Nice, yeah looks like we'll just wedge lower. Though I do hope the low is in. It's very crazy to me that the apex of the wedge pattern falls right around Chinese new year. Coincidence?

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      ·  7 years ago 

    Oh lawdy, wish I read this before laddering some STEEM in just then hahah. Revising my bottom from 8.5k to 7.5K for BTC. If this bounces though...okay let's not jinx it. Good luck everyone!

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