BitcoinLong
Broadening Descending Wedge could signify a possible bull rally!
Updated
Traditionally, as seen historically with broadening descending wedges , we may see a breakout up to the low 7000s soon. These types of moves happen quite often in these patterns, 3 touches of the bottom of the wedge and 3 touches of the top followed by a partial decline before the breakout.
Warning: I am currently in no position, I will wait for further confirmation with a clean breakout before entering any trade.
Warning: I am currently in no position, I will wait for further confirmation with a clean breakout before entering any trade.
Note
This scenario is still a possibility, huge fakeout due to the Bitmex maintenance. We have now broken out of the wedge organically and made a clean retest.Trade closed: target reached
Trade closed @ $7100, good profits! 
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