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billaddison

BTC/USD – Rising Wedge 6500 top, then correction?

Bitcoin (BITFINEX:BTCUSD)  
billaddison Diupdate   
BITFINEX:BTCUSD   Bitcoin
Chart Patterns BTCUSD BTC
6
0
chartpattern btcusd btc
Rising wedge on Bitcoin daily. Should hit the top of the wedge around 6500 with possible correction. Supports marked on chart.
Komentar:
The rising wedge tightened up a bit towards the top so I've redrawn it to capture the latest resistance points including a top at 6200. I think that was the top for now. Should break this rising wedge to the downside next few days with a target of 4200-4400.

snapshot
Komentar:
Hit 6500 and minor correction now. With CME news and 2 weeks till the hardfork, we're likely heading to at least 7k now before a real correction.
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