bagofXMR

Rising wedge broke down: target 3200

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bagofXMR Aktualisiert   
COINBASE:BTCUSD   Bitcoin
We bounced off trendline back down and broke the rising wedge. This should lead to a drop back to 3200, potentially revisiting bottom below 3000
Kommentar:
Ideal entry would be 3985
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I adjusted the lines of the wedge a bit, check it
Target would be 3250
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www.trustnodes.com/2...ners-preparing-worst
Things are getting ugly, china ban might be total.
Wsj also suggests all bitcoin transactions are no illegal and that the gov. will block blockchain sync
Kommentar:
4055 is a key level in the next hours
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I like this fractal. Could play out.
As the wedge points down to 3250, closing at 3475 could be a good idea.

By the way, more doom rumours
twitter.com/bitcom21...s/910579544897200128

China could potentially "kill" mining by either completely banning any form of crypto-fiat trading or even by seizure of mines
Kommentar:
We are breaking the support, if we finally break it, 3475-3500 should happen real fast.
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Potential bear flag pointing to 3475 support
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We are on our way to target 1, should happen in the next hours
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3814 level held and we are heading down again
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Potential and most likely scenario

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