Bitcoin (BTCUSD / XBTUSD): Rising wedge pattern in up-channel.

10 May 2019

Right now Bitcoin breaking many expectations.
My positions are all closed out.

I see two important channels (green) and one rising wedge.

Will see what happens here. Volume is low, pumps have come easy, but I am generally bearish. I would say I favour a downward break of the wedge.

I do think the top of the previous channel will be tested at some point.

Now is another waiting game for me.

11 May 2019

Not

Looks like break up. I'm not buying here.

11 May 2019

Not

Hit exactly top of the channel

(ps I fomo'd some at 6600, but flipped some to eth at channel top)

Bitstamp and Bitmex overtook Bitfinex after 6800. This is fomo signal of genuine buys, before mostly low volume bots. So I think this may be a local top or it will happen today. Buying means selling.

I guess either it shoots up and crashes, or it will move sideways-ish like last weeks

12 May 2019

Not

Back in the channel. Testing top now for resistance