Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

I am prepared to cautiously state that this does not look like rejection however.

It seems like we've violently broken the falling wedge pattern with high volume. The odds for this are increasing with every hour.

My thoughts exactly. I'd still expect a re-test of this level around $8K before moving towards $9K, but then again, if it breaks through $8.4K I think it might pass on that.

Quote from: eddie13 on January 08, 2020, 12:15:37 AM

I'm not down with that till we are solidly above 85..

We passed $85 years ago, keep up Wink

Rejected, according to me... Sad

Me too. Your post reminded of some "neutral" TA I published a few weeks ago that was looking irrelevant until this week.
Took a bit longer than expected, but got rejected by the respective resistance levels after reaching the extrapolated move #bearish

Not as convinced about the $5,800 new low target quite yet, but breaking $7,800 would be very bearish is this point.