The Rising Wedge. New ATH in 24h.

١٦ ديسمبر ٢٠١٧

Recent analysis shows that a falling wedge is about to finish in the next few hours (Bearish). However, Bitcoin had a very similar rising wedge last week, 2 or 3 days before CBOE. When the rising wedge finished, Bitcoin's price rised 5,000 USD in only 2 days. Was the rising wedge a problem? No.

In my opinion, this similar wedge, also 2 or 3 days before CME, as dumb as it may sound, is a bullish sign.