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Randall_Smith

10 year Rising Wedge

Bitcoin (KRAKEN:BTCUSD)  
Randall_Smith Updated   
KRAKEN:BTCUSD   Bitcoin
Chart Patterns Trend Analysis
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chartpattern trendanalysis
Long term, 3-4k is the traditional target for this pattern. Short term, if bounce then look for 20.7 to flip, if declination, a close below 17k would be confirmation.
Comment:
Notice the retest at 29k, if BTC cant reclaim, I'd look for a break down. Flip 29k for invalidation.
Comment:
Look at how price is interacting with the trendline. If it cant reclaim then down it goes.
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