MysteryR

Bitcoin Descending Wedge Pattern- Breakout April 17th/18th

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Critical Bitcoin pattern forming. Breakout in about 10 days, but Bitcoin tends to be an inpatient asset... Either going to $50k, which is still bullish , or $58k, which isn't necessarily exciting now is it.

Comments

I agree with the directions and the pattern also looks good. For breakout I would bet April 12th or 14th, the latter being Coinbase IPO day which is - imho - significant.
+2 Reply
MysteryR goraxes_
@goraxes_, Oh yes good call, that is an important event indeed!!!!!
+1 Reply
Thanks for your idea.
+1 Reply
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