MrPine

Only 3 Hours Left in Beautiful Ascending Wedge

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
This is a very Bullish sigh but do be Cautious, we are in a multi year high with the weekend (low volume ) ahead.

Is your reversal strategy sound if we do correct after we break the trend to the upside?>
Comment: BEARISH sigh*

Comments

Ascending Wedge is a normally bearish sign...
+2 Reply
perezdan26 aboutpsm
@aboutpsm, exactly
+1 Reply
MrPine perezdan26
Dear @perezdan26 & @aboutpsm

Thank you for noticing, you are 100% right.
It did play played out perfectly tho. Over the weekend & shortly after posting, the "Bearish" rising wedge got broken by low volume bears and didn't even get to prevent the breakout of multi day ascending triangle 15.9K lvl resistance that is now a support.
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