Btc bounce?

Updated

Where I previously thought we were forming a rising wedge on daily now it's looking more like an ascending triangle. A test of upper bollinger isn't out of question

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As we can see the ascending triangle is playing out. Could get rejected at middle BB but could also retest upper BB and 50 EMA

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Looks like ascending triangle breakout being rejected at middle BB and if so will be forming a rising wedge again

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We saw an impulse up from an ascending triangle get rejected at our middle bolinger band forming a rising wedge . The wedge has sense broken south and forming a bear flag . If indeed a bear flag . We use pole length to determine trajectory which would fall right in line with a previous level of support around 3100

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Can we get another impulse up? If so we will look like Bukowski's ascending broadening wedge

solidgold

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