Bullish wedge pattern validated on breakout

HUOBI:BTCCNY1D

Description

⋅ Sep 6, 2016 4:45 AM

The pattern looks clear so I go long on break of a pennant with target at 5918 that is calculated from the impulse leg.

Bitcoin (Cryptocurrency)Bullish Patterns Wedge Pennant breakout LONG

Comments

veryevilone

⋅ Sep 6, 2016 5:13 AM

Not only did price not break down much when the small recent triangle broke down. it didnt even make a lower low. Then we preceeded to break a major trendline up + price rose 5-10%. That is very bullish!