Possible Scenario - Falling Wedge

28 Oca 2016

This is starting to look like one massive falling wedge, for which Bitcoin is famous for. Although it is a bullish pattern, the last one we found ourselves in during the summer of 2015, failed miserably (with a Bitfinex stop run below $200). This time around I tend to be an optimist, expecting a great buying opportunity between $300 - $320. Of course I assume there will be a significant amount of chop and and squeezing within this wedge.

Good luck!

29 Oca 2016

Not

After this drop, we just formed another huge triangle. Falling wedge scenario still in play.

tradingview.com/chart/ov9uMGDt/

29 Oca 2016

Not

6 Şub 2016

Not

Although the larger falling wedge idea is still in play, it appears a smaller falling wedge is playing out right now. Please see the dotted line in the above chart.

14 Şub 2016

İşlem elle kapatılmış

The falling wedge in this form, is failing. Trade closed.