Rising wedge or ascending triangle? BTC breakout
It seems that we have both an intraday rising wedge & a interday ascending triangle forming.
One possible scenario would be a break down from the wedge before breaking out of the AT.
In the unlikely scenario of a breakdown from the AT, 10.5k appears to be a good support. Extremely unlikely to touch 10k.
Directly breakout out of the RW also apears unlikely.
In sum, possibly -> 10.8k -> 11.5k.
Tomorrow I plan to make a long-term inter-year video on bitcoin.
One possible scenario would be a break down from the wedge before breaking out of the AT.
In the unlikely scenario of a breakdown from the AT, 10.5k appears to be a good support. Extremely unlikely to touch 10k.
Directly breakout out of the RW also apears unlikely.
In sum, possibly -> 10.8k -> 11.5k.
Tomorrow I plan to make a long-term inter-year video on bitcoin.
Note
Appears to have broken it directly from the rwNote
Surprise dump. Coinbase will support segwit next week (or is it this week)?Need to shake off the weak hands, I guess
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.