Only 3 Hours Left in Beautiful Ascending Wedge Long

Bitcoin / U.S. dollarBitstamp

Description

⋅ Nov 13, 2020 3:45 AM

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

⋅ Nov 15, 2020 12:10 AM

BEARISH sigh*

Comments

aboutpsm

⋅ Nov 13, 2020 4:10 AM

Ascending Wedge is a normally bearish sign...

perezdan26

⋅ Nov 13, 2020 4:49 AM

@aboutpsm, exactly

MrPine

⋅ Nov 15, 2020 12:08 AM

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.