DrewR

Rising Wedge as Long Term Price Formation

Long
MTGOX:BTCUSD   Bitcoin / U.S. Dollar
5
Could we be forming a rising wedge long term? Historically on smaller time frames, bitcoin tends to break sideways or continue upwards even though statistically a rising wedge should break downwards. I wonder if that will translate on a much larger time frame; only time will tell (later part of December).

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