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ripper_the_flipper
Aug 20, 2017 12:14 AM

One Goes Up and One Goes Down Long

Description

There's a wedge on the BCC chart and a channel on the BTC chart. BTC is dropping toward the channel resistance and it will assist with the upward movement of BCC out of the wedge breakout.
...but what do I know, I'm just a space suit engineer, not a trader.
Good luck!
Comments
Venetic
Head and Shoulders indicate trend reversal, 50 MA is moving towards below 200 MA, a death cross could appear in the next 12 hours
ripper_the_flipper
@Venetic, Thanks for your thoughts. I'm not sold on the Head & Shoulders - I think it's going to run in the long triangle for a while, that is, unless BTC shoots up before it runs out of track in that triangle.
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