BTCUSD. Interesting stuff. Could go either way.
I've thought about a couple of scenarios.
1.Rising wedge(bearish)- I'm thinking this. There's a new all time high every time so it wouldn't be wrong to say it's rising
2.Ascending triangle (bullish)- Possible. The upper line would need to be horizontal/somewhat downward. Instead it's rising but who knows. Ascending triangle is definitely possible.
3. Triple top(very bearish). Just recently considered this. I'm not completely sure since the second dip isn't very deep. We'll have to see. Might see a huge sell off soon.
Support at 13,000.
1.Rising wedge(bearish)- I'm thinking this. There's a new all time high every time so it wouldn't be wrong to say it's rising
2.Ascending triangle (bullish)- Possible. The upper line would need to be horizontal/somewhat downward. Instead it's rising but who knows. Ascending triangle is definitely possible.
3. Triple top(very bearish). Just recently considered this. I'm not completely sure since the second dip isn't very deep. We'll have to see. Might see a huge sell off soon.
Support at 13,000.
Comment:
Alright so I just checked and saw that it bounced off the bottom line and hit a new all time high on bitfinex. Really looking like a rising wedge to me. I would honestly prepare for a reversal.