Conflicting BTC Signals

4 Eki 2017

As others have noted, BTC-USD has set up a bit of a H&S pattern, which may indicate a reversal outside of the bullish channel it's been following for the past couple weeks. However, it also appears to be setting up a descending wedge, a potentially bullish signal. Currently feeling optimistic, but objectively appears somewhat neutral. I'm interested in seeing how this resolves!

5 Eki 2017

Not

Descending wedge still holding. If it holds for another day or two I expect a surge upwards. 4100 is likely a key support.

5 Eki 2017

Not

Surprisingly we've seen a candle close above the wedge. This may signal a future breakout or may be establishing a longer wedge.