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Maddie
Aug 27, 2018 1:53 PM

Rising Wedge for Bitcoin 

COINBASE:BTCUSD240
Bitcoin / United States DollarCoinbase

Description

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There is a good possibility that Bitcoin will go down a bit in the coming weeks.
This pattern (Rising Wedge) breaks out downwards 69% of the times.

Good luck trading!
Maddie
Trend AnalysisChart PatternsmisssbitcoinBitcoin (Cryptocurrency)cryptoDescending Triangle
Comments
LastBattle
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MADDIEeeeee! iH&S
Vaggitarian
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Here's where she's also in trouble. Hangman on the 3day, right under major 3 day resistance at 6800.
PooyaSalehipour
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Good to see you again. agree with u.
Maddie
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@PooyaSalehipour, Thanks! It's been a long long time!
MuMPiTz
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others are posting pictures of an ascending triangle... how do you decide which it's going to be?
Maddie
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@MuMPiTz, An Ascending Triangle happens when the tops are horizontal. I don't see this evolving on my 1h chart, so I don't really get what you're saying, sorry!
MuMPiTz
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@Maddie,

this for example
Maddie
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@MuMPiTz, Yeah, this on is on the 1h. Sorry, my chart is a 4h chart instead of 1h! ;)
Maddie
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@MuMPiTz, On the very short run we still have some upwards potential ;) just keep my pattern in mind. Good Luck!
MuMPiTz
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@Maddie, thanks!
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