UnknownUnicorn4966627

BTC In Bullish Triangle and Broadening Wedge

Long
BITSTAMP:BTCUSD   Bitcoin
Looks like we are in two bullish formations. Looking for price to drop to around $11,528 before major upward movement. Since the Broadening wedge is typically a weak formation, I am expecting a drop to retest one of the lower trend lines before it's next bullrun. A little more confirmation with target zones from CME Gap indicator.

TP for Bullish Triangle (based off estimated breakout point): $13,421
thepatternsite.com/st.html

TP for Right Angled Broadening Descending Wedge: $14,140
thepatternsite.com/rabfd.html

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