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MidnightOne

BTCUSD Descending broadening wedge breakout

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Bitcoin (BITSTAMP:BTCUSD)  
MidnightOne Güncellendi   
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Wedge BTC Bitcoin (Cryptocurrency) breakout LONG
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trendanalysis chartpattern wedgepattern btc bitcoin breakout long
I believe this is only the beginning of a breakout. See details in the chart. (no time component implied)
Below 9600 would invalidate this idea.
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One more 3D closed, looks like a retest for now
snapshot
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Sorry for the premature last update as 3D didn't close at that time. However, it closed even higher and now the new one, while still open, made another retest
snapshot
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After such a prolonged consolidation under resistance the breakout is not going to stop at 11400. I repeat, this is not a fakeout, if you're long - stay long.
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First target - 13400 (conservative)
Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.