DrDovetail

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

BITSTAMP:BTCUSD   Bitcoin
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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