sonicthehedgefundmanager

descending wedge failure

Long
BITSTAMP:BTCUSD   Bitcoin
Here's my plan in a nutshell.. The descending wedge classically would be predicting a drop to nearly 12,000, which imo is simply psychologically too low for anyone to be not be like "what a deal!!" I still have the intrinsic value of btc at 17000, my prediction is the wedge fails and the bulls break it out. If the pattern continues the drop, I will monitor and actually buy more as it goes lower. I have bought now basically on a hunch, I might be early, wouldn't be the first time, and you might think it's NUTS to buy more in a loss situation, you are entitled to your opinion.
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