Tdot
Short

Ascending wedge in an ascending channel

BITFINEX:BTCUSD   Bitcoin / Dollar
148 3 0
What do you think? We need a retracement.
If it breaks down my target is around $265-270.

Comments and suggestions are welcomed.
Thanks,
Tdot
UPDATE: It broke down. For what it's worth I don't think my target will hold either. We might see new lows.
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That's more accurately an ascending wedge. Ascending triangles are bullish, wedges are bearish.
Reply
Tdot MoonTrader
You are correct, MoonTrader. Thanks for pointing that out. I've adjusted the title.
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