crypto_emu
Long

TUBE descending broadening wedge

BITTREX:TUBEBTC   BitTube / Bitcoin
TUBE got rekt by an OTC deal gone wrong and I am underwater with this, but I added some more on the dip. Prior to the drop it was holding price below a major resistance quite well and was starting to look like another leg up was not far off. Currently resting on the daily cloud support, I would like to see this reclaim ~1100 and provide a candle close inside the 3D cloud for more confidence.

Leaning bullish as if patterns are worth anything then this has a 72% chance of breaking up and the support here looks to be holding, however we might slide to ~850 to touch the lower trendline of the big triangle, this is confluent with daily and 4h kijun.

http://thepatternsite.com/dbw.html
Comment: Playing out as I hoped for once. Lower trendline still in play, hoping for a bounce here or ~650 is on the cards.
Comment: Lower trendline fell but horizontals are always more important than diagonals. A bit more down is certainly possible but I could also see sideways / a small bounce here.
There is weekly support at ~724 and I believe any PA below this will be bought up relatively quickly.
Comment: That's more like it! Hoping for TUBE to revisit the origin of the big drop ~1300.
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