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BTC - descending triangle with wedge

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
No surprise for many of You that BTC created massive descending triangle and yesterday we got confirmation of breakout from that formation. Average price drop for triangle is 25% - 4850 level.
BTC is moving in falling wedge and next bottom touch could be at 5500 region and that could lead us to temporary uptrend.

Comments

looking at this chart you never go long from now
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love your analysis
well done
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PipEze JRspotcryp
@JRspotcryp, thanks
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Thanks for sharing....great chart.
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PipEze Hubris
@Hubris, thanks
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