TradingView
FerroIgnique
May 19, 2020 6:10 PM

Rising Wedge on repeat Short

Bitcoin / U.S. dollarBitstamp

Description

The last two rising wedges broke to the upside, impulsivity. If the formation we're in is a rising wedge then we should expect to break past out 10.5k resistance before consolidating around our highs last summer.
My fear that started developing last week was that were were forming a very clean left shoulder and head, but it started to get messy past the head

While this hasn't been invalidated and may be bulls/bears fighting & making formation messier than usual, I'm biased to the upside.
Comments
Micksterama
I keep thinking this also
what comes up usually comes down
but when???
TheCryptoKeeper
Thats a flat top triangle. a rising wedge is a reversal pattern not continuation
FerroIgnique
@TheCryptoKeeper, true, it should be called an accending triangle
VincePrince
Good idea
More