DrJLT

Rising wedge or ascending triangle? BTC breakout

Long
DrJLT Updated   
BITFINEX:BTCUSD   Bitcoin
It seems that we have both an intraday rising wedge & a interday ascending triangle forming.

One possible scenario would be a break down from the wedge before breaking out of the AT.

In the unlikely scenario of a breakdown from the AT, 10.5k appears to be a good support. Extremely unlikely to touch 10k.

Directly breakout out of the RW also apears unlikely.

In sum, possibly -> 10.8k -> 11.5k.

Tomorrow I plan to make a long-term inter-year video on bitcoin.
Comment:
Appears to have broken it directly from the rw
Comment:
Surprise dump. Coinbase will support segwit next week (or is it this week)?

Need to shake off the weak hands, I guess

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