ALSTRS

BTC/USD bull wedge

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BITFINEX:BTCUSD   Bitcoin
Now is the best moment to go up! I will describe below the main thoughts on this movement.
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Since the price respects this level, we can conclude that this is a strong level of resistance, reflecting on it 5 times! having also formed 3 rebounds from the support level, the price has formed a wedge with a rising base, with the latest rebound, indicators on the buyers side, which gives a chance for a possible break through the resistance line and fixing the price higher
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The height of the wedge itself also indicates the movement in this direction. When confirming the shape, it should penetrate the distance to a strong resistance level from 2017
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but also along with this, if the wedge is not confirmed and the price goes below, a downward triangle is formed, which heralds a decline to the level of 1750
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false breakdown, collected stop limits
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