BTC/USD
Bitcoin bullish falling wedge waiting for an expansion of volume to confirm a breakout in price.
This downtrend indicates a falling wedge pattern over time (with a constant decrease in volume) that is getting near the apex of the converging trend lines, which suggests an eminent breakout.
All we have to do is wait for some volume increase in the next...
This is an update on my previous idea:
The last few days have confirmed the formation of an inverse head and shoulders pattern, breaking the downtrend.
The prerequisites for this pattern appear to fall in line:
-Volume is heavier on left shoulder
-Volume a bit lighter on the dip to head trough
-Volume even lighter on the third dip, forming the right shoulder...
The last few days have shown a build of an inverse head and shoulders pattern.
The prerequisites for this pattern appear to fall in line:
-Volume is heavier on left shoulder
-Volume a bit lighter on the rally to head peak
-Volume even lighter on the third rally, forming the right shoulder
-Increase in price breaks the neckline
Moves up and now is possibly...
