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charterman

Wedge support broken for BTC. 10.5K looking likely.

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Bitcoin (BITSTAMP:BTCUSD)  
charterman  
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns BTCUSD BTCUSDT
2
0
trendanalysis chartpattern btcusd btcusdt
BTCUSD from my previous chart looks to be taking option A - Green route. We have broken the wedge support. 3 things lead me to thinking 10.5K:

1. Size of wedge leads to 10.5K
2. Fib extension leads to 10.5K
3. Longer term support leads to 10.5K

This may be an opportunity to nab any missed longs.

Keep in mind we are currently sitting at support (not drawn) for a rising channel.
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