PetrockFxTrading

BTCUSD FALLING WEDGE BREAKOUT - BUY SETUP

Long
PetrockFxTrading Updated   
BITSTAMP:BTCUSD   Bitcoin
As shown on the chart, a trendline breakout and pull back from the wedge occurred and the market has been on a long setup.

Therefore I expect price to hit the 1st take profit at $48,350. If it breaks it upward, I expect it to move toward the 2nd take profit at $52,000. Also if it breaks it upward, I expect it to move to the 3rd take profit at $58,000.

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