Benjamix

Is BTC about to Explode out of Another Rising Wedge

POLONIEX:BTCUSDT   Bitcoin / Tether USD
Not willing to risk it myself because I have other things to do today but looks like it might be..

Its broken back into the bullish channel too..

And it's back to the level where it broke out of the double bounce / diamond top neckline ath ..

Good luck !!
Comment: Wedge vs Upward Breakout Channel Zoomed in..
Comment: New idea i have got going this fine morning.
Also have a some idea on this point
+1 Reply
Benjamix artgen567
@artgen567, I've seen it break up way too many times... but fair point probability will insist a reversal some day but that huge inverse head and shoulders with a massive double bounce bottom in your zoomed out view has a textbook target to 8k psychological.. I'm running with day trading for now scalping 1-2% with really tight robotic stops that chase the order book price up or down..

Good Luck !!
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Benjamix Benjamix
This is what I am talking about
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It'll have to work through some serious selling pressure that's building up around the 2250 zone but if it does I think we'll be seeing some very aggressive buying ensue.
+1 Reply
@linax, It's looking to be demanding the inverse head and shoulders all time high !
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