DrDovetail

BTC breaks up & closes candle @ exact target of projected brkout

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Although the falling wedge lost its 4hr chart validity when the red candle closed green giving it only two wick touches on each trendline , the break upward that has occured has conveniently closed its breakout candle at the exact breakout target the wedge would have had. I've yet to see a wedge this long breakout this prematurely so I think it may more likely be simply an inverted bart that has occurred shortly after a bearflag breakdown fakeout but the confluence of the breakout target of the inv bart with the wedge target is very synchonicious. Very curious to see how often a falling wedge has broken up this early on other charts on the past.
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