There are several financial reports coming out on 5/31 (Consumer Confidence and spending reports) - Bitcoin
has been on quite a tear of late. I have no idea how those reports will effect any of the market much less Bitcoin
. As far as technical analysis
is concerned a rising wedge
has formed and it has traded to resistance, so conventional wisdom says 80% of rising wedges
... so I will keep an eye out and see what happens (no trade for me)...
Even if Bitcoin
doesn't break the wedge
there is a chance of retest of the short term resistance broken on Friday!
I would love feedback from bitcoin