BTC failed to break $10,000 and we are having an expected pull back after that failure. In the long term however, as we can see a massive wedge forming, with all the bullish sentiment in the market and the reversal from a downtrend, I AM BULLISH.
BTC forming another large wedge pattern with higher bottoms and lower tops. You can bet that this means a volatile move is coming. I'll be waiting for the bollinger bands to contract some more, then I will set Buy stops and Sell stops to catch the wave whichever way it breaks. Personally, I think with all the positive news out lately regarding institutional money...
BTC appears to be in falling wedge reversal pattern. Will wait for a bullish divergence from the MACD towards the bottom of the wedge followed by a upward break of the resistance line.
