CaptBlackBeard
Long

BTC Wedge Pressure - Time Tested Symmetry

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Looking forward to working on 30 min charts again but for the sake of establishing some direction, the 1 day charts will do. This chart shows some geometric symmetry and a trend pattern. There are two intersections on the upper circle that are of interest past and hopeful future break upwards. I always prefer curved support over flat lines but BTC has tested the support both at around 6k numerous times. Don't forget that many are waiting for indicators to look perfect. Also there are some who are waiting for others to make the first move. There's no wrong answer IMO . I see some healthy advantages in waiting for confirmation. When it does take off, should be fun to watch or profit from.
Oct 05
Trade active: Zoom in on the current price. Looks like its about to pop at the end of the wedge. It is following the curve trend perfectly so lets hope it swings up too
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