LoveDump

BTCUSD: Descending Broadening Wedge

Long
LoveDump Updated   
BITFINEX:BTCUSD   Bitcoin
Hello Fellow Traders,

BTC has produced a Descending Broadening Wedge pattern with D being locked in last night/this morning.

It will be confirmed when price passes the downward trend line. Hopefully this bring us to 16100-16200 where we can either expect BTC to turn downwards for a little bit, or keep rising to 18200 area. I for one will be exiting if go well beyond 16200.
Trade active:
Comment:
Inching to confirmaiton..
Trade active:
Trade closed: target reached:
Confirmation met. Target is 18662

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