DarkPenciI

BTC closing in on moment of truth

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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We are inside a wedge inside a wedge inside a wedge . We escaped the last descending wedge by breaking out and now we are inside another wedge waiting to break out. Hopefully by breaking out of this wedge we can break out of the biggest wedge and finally end this damn correction. The way the Alts are acting and the volume flowing into the Alts, there is definitely more positive sentiments coming back to the market. Seems like this side way action is going to last for another week or two by the way it is going and we will really know the outcome once we get to the APEX of the biggest wedge . First we need to break out of this tiny wedge and go for a higher high than the last run we had to set us up for the bigger run ahead. It is a pretty good time to play with some Alts thought. They are taking turns popping and if you find a decent setup you can make a quick 20% and sell and repeat the process.
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