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breakoutfakeout

BTC to retest support at 8970? Rising wedge reversal pattern

Bitcoin (COINBASE:BTCUSD)  
breakoutfakeout  
COINBASE:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators BTCUSD BTC Bitcoin (Cryptocurrency) bitcoinforecast bitcoinprice
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Looks like a strong divergence on the 30 min MACD histogram. Combined with the rising wedge we could see a pullback to support. I've closed 50% of my longs for a nice profit and will look to add again on a pullback or if the 30min MACDH ticks up again.

Most breakouts end up in fakeouts so I'm not holding on too strongly to the idea of a rising wedge. Any decent buy signal and I'll start layering into positions again due to the overall bullish picture on the daily charts.
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