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It's pretty difficult to be bearish on this chart
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@jondoe
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1 min read
The weekly chart of bitcoin looks pretty awesome
It's pretty difficult to be bearish on the weekly chart of bitcoin right now.
It had a large wedge pattern that recently broke out to the upside.
Sees:
(Source: https://twitter.com/CryptoEnoch/status/1299848390075916289/photo/1)
Technically this pattern is called a symmetrical wedge pattern.
The measured move is the height of the pattern, which is rather large.
(Source: https://tradingstrategyguides.com/wedge-trading-strategy/)
It's about $18k and that gets added to the breakout of the wedge.
18k + 10k = $28k target
Seems like a reasonable target over the coming months!
Posted Using LeoFinance
