This is one of the few times I have seen such a large falling wedge in Bitcoin. Using the target rule in the investopedia article, we measure the wedge height and add that to the breakout price to get a target of 10779. I'm pretty sure Bitcoin is going much higher (like above 30K), but just for fun lets do the investopedia target.
Komen
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Just wanted to point out the last time we had a falling wedge reversal near this magnitude we ran to 3K
Got about the same thing! Been waiting for a bit of a better entry tonight, that it`s not giving me, so I`ll have to just say hell with it and jump in at market before sleep. Strong chance of a decent pullback before it`s explosion though!
bwy
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@Vaggitarian, I agree I've been waiting for a pullback to do a trendline check. We'll see...