#BTC Update

[amirshaf]

BTC  Update

#BTC Forming Rising Wedge which Indicates Bearish Movement, Also BTC Having Strong Resistance at 11800 - 11700 Area
So We Are Expecting a Little Pull-Back Towards 10400-10600 Area, after Testing 11.6K - 11.8K ✌
At The Moment No Need to Worry About ALTS 😉
Chart Analysis on Coinbase BTC/USD Chart

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[hitrawal91]

BTC  Update

#BTC Forming Rising Wedge which Indicates Bearish Movement, Also BTC Having Strong Resistance at 11800 - 11700 Area
So We Are Expecting a Little Pull-Back Towards 10400-10600 Area, after Testing 11.6K - 11.8K ✌
At The Moment No Need to Worry About ALTS 😉
Chart Analysis on Coinbase BTC/USD Chart

I DONT SEE ANY RISING WEDGE in this short-term rally of the correction.For rising wedge to confirm you need it to form at all-time high with strong uptrend and right now there is no uptrend in fact the correction has ended now and there is a small rally rising now and there are no signs of rising wedge formation here in the daily chart. Let me know if it is forming in some other timeframe, i agree that there is a strong resistance near 11800-11700 and if that is broken you can expect it to reach 13-14k price levels soon.

[Sword555]

I dont see any bulls positions too , we a still in correction and will be in correcting long time more , becose 20k was so big price and high  and need alot of time to make bulls moving again and earn new highs and 20k+ , we need alot of new money comes to markets to rising again like before.

[myworkstrade]

Still need to break his resistance at 12k level, then  breakout but  I am hoping that it would not fake beeak out its almost 2x attempt to his resistance if not then back to 10500-11000 level hope for food support so better be wait and monitor the trend.. I am expecting next support would be 14-15k level it should be a strong breakout on 12k for good uptrend status. Good luck

[frowsiter]

BTC  Update

#BTC Forming Rising Wedge which Indicates Bearish Movement, Also BTC Having Strong Resistance at 11800 - 11700 Area
So We Are Expecting a Little Pull-Back Towards 10400-10600 Area, after Testing 11.6K - 11.8K ✌
At The Moment No Need to Worry About ALTS 😉
Chart Analysis on Coinbase BTC/USD Chart

That might happen as trend line suggests we will have little dip soon. This resistance thing is going on since long time now and it's time that it breaks it soon. We have seen almost more than five corrections recently and this one is interesting one as it's being done on higher price of this year. Bitcoin if surpass this one then I'm sure that price will out reach to 12-13k USD price surely.

Hopefully pull back will be only down to 10k and not below that.