Commencez
rubenthin

Gaps and Wedges

Long
rubenthin  
OKCOIN:BTCCNY   None
2
0
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Big question is whether this rising wedge is in fact wave 1 of an impulse up as above...
Or if it is part of a continued corrective move down as below:
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Shorted yesterday's 5 waves up, and found the entry here all the same, giving initial target of (e) in the chart above:
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Interestingly, just breaking out of a battle with resistance from yesterdays very interesting ‘gap up’ level:
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Not often seen in bitcoin obviously because it never sleeps and there are no trading sessions. Interesting to see it yesterday:
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