BTC falls out of wedge, double bottoms into symm triangle?

29 Jun 2018

BTC fell out of its rising wedge but failed to make the measured move around the 5600 area, disrespecting the inherent nature of the pattern. Although it looks to be back in the same wedge, I believe it is now more probable to be in a symmetrical triangle. With quintuple MACD bullish divergence now showing on the negative oscillators on the daily, and with prices at the current bottom of a long descending wedge that has formed since the great sell off, it would make sense that we would be beginning to see more neutral geometrical shapes rather than rising wedge after rising wedge after rising wedge. Is this where we begin to see a bullish reversal? Thoughts?

30 Jun 2018

Catatan

BTC has broken out north of the symmetrical triangle, testing the 6500 as resistance, which was previously the top of the rising wedge. Current double bottom measured move is the 6800 area if the bullish trend continues.