Massive bullish volume spike signals breakout
So the bull in bears clothing (the descending wedge cloaked inside the head and shoulders) just let the bulls lose and we have massive volume spike to confirm the breakout above the purple descending wedge. Based on the angle and height of the wedge we have a projected price target ofm 9600....normally I wait for a second 4 hour candle to close before confirming a wedge breakout but because we have such a huge volume spike alreay and already an apparent good news story from the g20 about them not being a risk, I think it's safe to go ahead and assume this one is a confirmed bullish breakout above the descending wedge pattern....here is the story from the g20:
express.co.uk/news/world/933658/cryptocurrency-news-bitcoin-price-market-mining-ripple-eretheum while we can definitely reach 9600, be on the lookout for further news releases on the g20 throughout tomorrow to give you signals on whether or not any FUD will be projected to cause any dips but I have a feeling the overall sentiment is going to be good a bullish for the market....this is only my personal opinion and of course not financial advice. In the same way that the inverted head and shoulders tried to pull a fake out...so too has the regular head and shoulders.
express.co.uk/news/world/933658/cryptocurrency-news-bitcoin-price-market-mining-ripple-eretheum while we can definitely reach 9600, be on the lookout for further news releases on the g20 throughout tomorrow to give you signals on whether or not any FUD will be projected to cause any dips but I have a feeling the overall sentiment is going to be good a bullish for the market....this is only my personal opinion and of course not financial advice. In the same way that the inverted head and shoulders tried to pull a fake out...so too has the regular head and shoulders.
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