DrDovetail

BTC reaches falling wedge breakout target

DrDovetail Updated   
BITFINEX:BTCUSD   Bitcoin
BTC finally breaks above the 50 ma(in orange) and hits the projected breakout target that we showed in a previous idea of this small falling wedge pattern precisely...would not surprise me if it consolidates a little here until stoch rsi is cooled down before the 50ma eventually lifting it further upward. So a very temporary neutral here while a more long term long.
Comment:
Another encouraging development here is that the 50 ma's trajectory angle and the 200ma(in blue)'s trajectory angle now currently show a golden cross could occur around the 16th of December right around the time BAKKT is launched. An exciting thought s3.amazonaws.com/tra...shots/l/LPIwTYSp.png
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