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tomraistrick

One Wedge to Rule Them All

Short
Bitcoin (BITFINEX:BTCUSD)  
tomraistrick Updated   
BITFINEX:BTCUSD   Bitcoin
Support and Resistance Candlestick Analysis Wedge
7
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supportandresistance candlestick wedgepattern
Unless BTC breaks upwards from this enormous falling wedge we will see sub-$5,000 Bitcoin within the next few months.
Comment:
Update: BTC has bounced off the sideways resistance that forms the upper boundary of this falling wedge as anticipated.

Further downside likely.
Comment:
BTC has broken upwards from this descending wedge.
Comment:
Potential retest of the upper trend line. We could be in a bear trap right now. Either way, BTC is now in my ideal accumulation zone and I have begun buying.
Comment:
Reentered falling wedge and tested lower trend line as support.
Comment:
Bought more BTC at $4,800.
Comment:
Bought more BTC at $4,400.
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