Possible Scenario - Falling Wedge

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
This is starting to look like one massive falling wedge , for which Bitcoin             is famous for. Although it is a bullish pattern , the last one we found ourselves in during the summer of 2015, failed miserably (with a Bitfinex stop run below $200). This time around I tend to be an optimist, expecting a great buying opportunity between $300 - $320. Of course I assume there will be a significant amount of chop and and squeezing within this wedge .

Good luck!
Comment: After this drop, we just formed another huge triangle. Falling wedge scenario still in play.


Although the larger falling wedge idea is still in play, it appears a smaller falling wedge is playing out right now. Please see the dotted line in the above chart.
Trade closed manually: The falling wedge in this form, is failing. Trade closed.
This is awful, what happened to the ol'time pump & dump schemes that we all cherish ?
(nothing against your idea, it seems quite probable by the way)
Turco purpurato59
Hopefully we are not in one now.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out