wazzmatazz

Bitcoin Boom Coming?

BITFINEX:BTCUSD   Bitcoin
Hey guys.

So if you look at the weekly chart of Bitcoin you can clearly see that the price of Bitcoin has ben moving clearly within the confines of the wedge. Moreover, the movement has been a textbook ABCDE wedge pattern. The E wave has hit the bottom support trend line which means that a positive break out should follow.

Let me know your thoughts.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.