1-Year falling wedge is close to completion.

BITSTAMP:BTCUSD   Bitcoin / U.S. 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.

WW Pattern: http://www.investopedia.com/articles/tra...
Falling wedge: http://stockcharts.com/school/doku.php?i...
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?
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"

This is it ?
Great seeing this develop. One more resistence line to cross.
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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:

B33tcoin allegro101
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.
Bitcoin lifts off the wedge, the idea takes shape for the final round to the target.
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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