DrDovetail

I anticipate a break up from the current bitcoin falling wedge

Long
BITMEX:XBTUSD.P   Bitcoin
temporary long as I don't believe we have reached the bottom of the bear market yet...we may see price action go back down to the support of the falling wedge's bottom trendline one more time and maybe even a breakdown fakeout wick a pip or 2 below it but ultimately I think like most falling wedges probability favors a break upward within the next few day candles most likely after the stochrsi gets near the bottom again. Once we hit the 4.4k breakout target we may immediately fall right back down though and finally find our capitulation candle afterwards.
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