Bitcoin rising wedge possible breakdown

24 เม.ย. 2018

Bitcoin is currently still in a bearish rising wedge with a measure of confirmation in it's declining daily volume. Should the wedge break downward, as I expect, it could allow for the formation of a right shoulder of a bullish inverse head and shoulders pattern.

What would invalidate my concerns about the bearish wedge would be if bitcoin closes on a daily basis above 9400 and holds above that level.