BTC forming broadening wedge on lower time scales
We've just broken to the upside of a small symmetrical triangle and will likely come back down to re-test (white line) for support. That retest may or may not invalidate this broadening wedge. Everything looks bullish here. I anticipate that the re-test will succeed, that this broadening wedge will play out and that we'll stay under the (purple) trend line which supported the parabolic rise for anywhere from several hours to several weeks. The longer this pattern plays out, the larger the breakout target will be. It's too soon to make assertions with certainty. Always remember: Plans are useless, but planning is essential.
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