benactonbond
Panjang

BTC potentially at 23k

BITSTAMP:BTCUSD   Bitcoin / Dolar
Nothing fancy being used, just an ascending wedge breakout. 23k is now looking more and more probable. Significant volume is still to be seen, though the previous ascending wedge breakout gathered momentum as the price went up, so we might see a repeat of that.
Nicely done! Clean and simple. Measured move to 23. Thank you for sharing your work.
+1 Balas
benactonbond LindaMcGrath
@LindaMcGrath, Thank you for that, wish you the best!
Balas
LindaMcGrath benactonbond
@benactonbond, No worries. I had a really amazing technical analyst tell me once that the most bullish pattern is a bearish pattern that breaks in the unexpected way. Rising wedges are, per the text book, bearish patterns so when they break up they are all the more bullish because they trap the bears expecting a breakdown of the wedge. Your chart reminded me of that old bit of wisdom. Happy Holidays.
+1 Balas
benactonbond LindaMcGrath
@LindaMcGrath, Very interesting thanks. Have a good one!
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