travelstyles

Bitcoin in rising wedge, going down next week

BITSTAMP:BTCUSD   比特幣
Bitcoin is in a rising wedge pattern when zoomed out. I think it will stay withing the wedge this weekend. It will close this week with a RSI around 89-90 on the weekly chart which is extremely high. In the past Bitcoin always went down at this point.

So I think Bitcoin is going down bigtime next week. Within a couple of weeks it will be somewhere around 16k - 17K
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