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Synchrouk
Jul 3, 2018 3:46 AM

Falling Wedge Reversal Pattern entering pivot area. Long

Bitcoin / DollarBitfinex

Description

The BTC/USD falling wedge reversal pattern is entering into a narrow bound range and will break out to the upside shortly. Exact timing is unknow, but keep an eye on volume near the top of the wedge boundary...

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Reaching the resistive top of the wedge took a little longer to reach than anticipated, but once reached, it tracked along it for a while, then broke out to the upside.

Waiting to see if there is a retrace back to retest the old resistance line, as newly confirmed support. I don't think it will though.
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