Out of the downtrend. Time to break out of the wedge.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Whats up guys!

Farmer Tim has been busy dealing with plants and I've been off this for to long.

Things are starting to look up, but we are not out of this downtrend yet. Let's get into it.

MACD and parabolic are showing buy signs after out breakout with the downtrend channel . The issue is we are still very much inside the descending wedge . One hell of a wedge I might add, should be some fun times when we break out.

In the next week I think we are going to test the 77xx range and if we break, we are heading up. If we fail that be prepared to drop down to 55xx.

Be careful entering into a short trade. I don't trust this market just yet. But very bullish long term.


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