Possible Scenario - Falling Wedge

28 thg 1, 2016

This is starting to look like one massive falling wedge, for which Bitcoin is famous for. Although it is a bullish pattern, the last one we found ourselves in during the summer of 2015, failed miserably (with a Bitfinex stop run below $200). This time around I tend to be an optimist, expecting a great buying opportunity between $300 - $320. Of course I assume there will be a significant amount of chop and and squeezing within this wedge.

Good luck!

29 thg 1, 2016

Ghi chú

After this drop, we just formed another huge triangle. Falling wedge scenario still in play.

tradingview.com/chart/ov9uMGDt/

29 thg 1, 2016

Ghi chú

6 thg 2, 2016

Ghi chú

Although the larger falling wedge idea is still in play, it appears a smaller falling wedge is playing out right now. Please see the dotted line in the above chart.

14 thg 2, 2016

Giao dịch được đóng thủ công

The falling wedge in this form, is failing. Trade closed.