CryptoTraderMark10

Just a possibility...

BITSTAMP:BTCUSD   Bitcoin
We could now be in a large rising channel. Also -- let's not forget the inverse head & shoulders people were pointing out a few days ago. Which became a rising wedge. Which became a falling wedge. Which all now seem to have become a potential rising channel. Which could, in turn, turn out to be part of a larger ascending triangle that is really part of a large DEscending triangle. Just pointing all this out to show people how unreliable shapes and patterns can be, especially on lower time frames. We paint them onto price action to try to confirm our biases but they almost always morph into other things.

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