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MidnightOne

BTCUSD Descending broadening wedge breakout

Long
Bitcoin (BITSTAMP:BTCUSD)  
MidnightOne Updated   
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Wedge BTC Bitcoin (Cryptocurrency) breakout LONG
10
2
trendanalysis chartpattern wedgepattern btc bitcoin breakout long
I believe this is only the beginning of a breakout. See details in the chart. (no time component implied)
Below 9600 would invalidate this idea.
Comment:
One more 3D closed, looks like a retest for now
snapshot
Comment:
Sorry for the premature last update as 3D didn't close at that time. However, it closed even higher and now the new one, while still open, made another retest
snapshot
Comment:
After such a prolonged consolidation under resistance the breakout is not going to stop at 11400. I repeat, this is not a fakeout, if you're long - stay long.
Comment:
First target - 13400 (conservative)
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