J.Livermore
Long

1-Year falling wedge is close to completion.

BITSTAMP:BTCUSD   Bitcoin / Dollar
Falling Wedge is by definition a bullish pattern and mostly ends to a reverse strong move.

There are 2 interesting WW (Wolve Wave) patterns on the falling wedge .
Both are annoted, red one is the most obvious.

We are now in the "5" areas where it's very interesting to set some long orders.


Ressources:
WW Pattern: http://www.investopedia.com/articles/trading/05/040405.asp
Falling wedge: http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:falling_wedge_reversal
Related ideas (just below) to see proven WW reactions.
Comment: There we go, the dynamic was slow but present. With a multi-month consolidation in the process.

We're now close from the target and could initiate a new trend.
Comment: Magnet around 1-4 is strong.

How could it ends ?
Trade active: Price is still colliding with 1-4, this is impressive.
Great work. Where do you see this rallying topping?
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Trading is not about predicting price but beeing on the right side. It will go where it's gonna be well priced so the answer is: until the uptrend stops.

"a trend revival several times but did return once"

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This is it ?
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Great seeing this develop. One more resistence line to cross.
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Super!!!
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allegro101 vortexspaces
Elliott Wave analysts I follow have all turned bullish, which by itself is interesting. I think it is important to also consider DanV analysis that considers any move up here a temporary bounce and not the start of a new bull market cycle:

https://www.tradingview.com/chart/BTCUSD/TbsOOXfx-BTCUSD-IN-POTENTIAL-INTERIM-TREND-CHANGE-RETRACEMENT-BOUNCE/?utm_source=notification_email&utm_medium=email&utm_campaign=notification_follower_comment
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The target is indeed around ~$500 which is a quite substancial raise. But then it could turn out as a lower long term high. So time will tell.
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Bitcoin lifts off the wedge, the idea takes shape for the final round to the target.
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Lovely mate!
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Holy shit I just filled in the chart and it traces like a glove. You nailed it.
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