“Expecting bullish reversal shortly” by trader mgibson91 — published June 28, 2018 — TradingView

IMO             we are seeing a large descending wedge , not a descending triangle . We are currently on the 0.146 weekly Fib retracement and seen some significant bullish price action recently at these levels.

If we do break down through the wedge , I expect we will go down to the 5000 region. As such a round number, less than people have been able to buy bitcoin             for a good part of a year and the exact 1.618 extension of the first December drop, it’s hard to see dropping past that point. Hopefully, we would instead see the start of a sharp trend reversal propelled by the massive 1.618 extension being met

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