Repeating pattern, likely the last of the repeating pattern once it reaches the 5th hit on the ascending expanding wedge . Breakout from descending wedge ( bullish ) on chart as well as RSI descending wedge ( bullish )
Pattern is 51% more drawn out then the prior one which saw a 4 day run after breaking out of its wedge , if this continues the same pattern we will likely see a 6 day rise running to August 4th before it reaches it peak wick and with bitcoin turning into what looks like a consolidating symmetrical triangle or flag pattern we may have just enough time to complete the pattern before another potential bitcoin up/down break. If we keep to the same upward trend line the peak of the target wick will be $2.80-$2.90 and likely only for a short few seconds/minutes
If you are looking for swing trades after this pattern, keep your eye on XTC (TEZOS) which is forming a multi month inverse head and shoulders (it is currently at what would be the bottom of the right shoulder) if that pattern stays drawn out long enough before rising up to make the top of the shoulder it may be a very profitable swing trade to consider. Target for XTZ would be around $4.10
Pattern is 51% more drawn out then the prior one which saw a 4 day run after breaking out of its wedge , if this continues the same pattern we will likely see a 6 day rise running to August 4th before it reaches it peak wick and with bitcoin turning into what looks like a consolidating symmetrical triangle or flag pattern we may have just enough time to complete the pattern before another potential bitcoin up/down break. If we keep to the same upward trend line the peak of the target wick will be $2.80-$2.90 and likely only for a short few seconds/minutes
If you are looking for swing trades after this pattern, keep your eye on XTC (TEZOS) which is forming a multi month inverse head and shoulders (it is currently at what would be the bottom of the right shoulder) if that pattern stays drawn out long enough before rising up to make the top of the shoulder it may be a very profitable swing trade to consider. Target for XTZ would be around $4.10