tvial

Rising wedge but potential trendline breakout

Long
tvial Updated   
BITFINEX:BTCUSD   Bitcoin
- Rising wedge
- RSI will be soon oversold on 4H
- High probability in breaking descending trendline (bullish sign)
- Potential pullback after breakout

On a fundamental standpoint, no bad news for a while.
Tax days are now part of the past.
Trade active:
Descending trendline did not actually have the opportunity to be used as support.
The ascending trendline is holding great in case of pullback (hope Mt. Gox thing will not drive market down...)
Trade active:
Still going, ascending trendline confirmed as really good support!

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