BTC falling widening wedge and reversal

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
BTC price has been in a range since mid August. BTC attempted to breakout early September but failed. Currently BTC printed a falling widening wedge and a diamond reversal both patterns are bullish reversal patterns. Breakouts will drive price to the measured moves of the patterns at around 21.5k.

The RSI is an upward trend after breaking out from a descending trendline and retesting it.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.