BTC - Trading in Rising Wedge ! (Break out)

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Bitcoin / Tether USD (POLONIEX:BTCUSDT)

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POLONIEX:BTCUSDT Bitcoin / Tether USD

trendanalysis harmonicpatterns chartpattern btcusdt risingwedgebreakout fallingwedgepattern elliottimpulsewave wyckoffdistribution

BTC Trading in (Rising Wedge) break out, normally we could expect this pattern to break out till the middle of its tail, but there is more then the eye meets. We have a (bear cross) on the daily, (Wickoff distribution) ideas and more. I expect for the next 20 days Max "ranging of price" before we could build higher highs (Elliot Impulse Wave). One condition needs to be met, don't want price to drop below yellow support lines ...

Will keep this idea updated ..

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Don't believe China FUD ...

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