Updated

Bitcoin ascending wedge

Look for the break, and trade accordingly. Lately I have noticed bitcoin has broken to the top of an ascending wedge, which is rare. But it seems that the market has been irrational lately so I am neutral at the moment.

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Possible breakout and return to the demand zones depending on how this prints.

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For someone trading the wedge pattern, this would be the price target as measured:

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- Look for support at the $10046 area.. possibly we will see a run to the $8k-7k demand zone after rejection at the $12417 area

TyphooN-

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TyphooN-