Ascending wedge in an ascending channel

BITFINEX:BTCUSD   Bitcoin / U.S. 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.
UPDATE: It broke down. For what it's worth I don't think my target will hold either. We might see new lows.
That's more accurately an ascending wedge. Ascending triangles are bullish, wedges are bearish.
Tdot MoonTrader
You are correct, MoonTrader. Thanks for pointing that out. I've adjusted the title.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out