ormism

Falling wedge breakout

BITSTAMP:BTCUSD   Bitcoin
I'm not a great believer in using these TAs, but while the pair is doing f'all I thought I'd pin my thoughts to the wall and see how she pans out.

Allegedly a falling wedge on a downward run is most likely preceding a trend reversal equal to the largest part of the wedge at the breakout.

So this would tell me that on or about the 21st we should see a breakout to 9.2.

I certainly wouldn't put anything in this, but lets see!
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