BTC - Bullish Dragon inside rising wedge

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTC has created Bullish Dragon pattern on 1H chart. Pattern is placed inside rising wedge formation so expect price rise to top of the wedge and than price decline.


Re your last update on Telegra,
I posted this chart a few days ago. I am not sure if this bloody triangle can break :D. will find out soon.

PipEze cI8DH
@hkh222, I don't think there is enough ppl out there that believe that BTC will go up. I bet my money on drop but if something change and see chance of making money on LONG position then will open LONG.
cI8DH PipEze
@PipEze, I am short for now. I hope it breaks. It's good even for the bulls long term.
My man, How can a bullish rising wedge a bullish signal? A rising wedge is never bullish, IT always falls out of the wedge.
PipEze TheCryptAlpha
@TheCryptAlpha, You are absolutely right. My target was top of wedge and was based on bullish dragon inside wedge. Start was OK but unfortunately lack of steam and premature drop. BTW I was saying that BTC is exhausted on my telegram channel before drop occurred.
yeah . but I guess 8.5k tomorrow .
PipEze erfan_1829
@erfan_1829, I wish. Rising wedge usually means that price will drop so I would say 7100
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out