Navelgazer

BTC's Perfect Descending Wedge - LONG on the breakout

Long
Navelgazer Updated   
BITSTAMP:BTCUSD   Bitcoin
Comment:
To all you calling my mistake when identifying this pattern, you're absolutely right I was wrong and that's not a descending wedge. It seems that you're reading this as a bearish pattern according to your book. Let's see if the book is right. What I wanted is to illustrate as an amateur trader and a crypto enthusiast is that absolutely bullish.

The only way I see this market "testing" the 2800-1500 range is by a quick and huge capitulation candle.

Cheers!

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.