jim1990

jim1990 Updated 

COINBASE:BTCUSD We have a consolidation pennant formed after the big drop from our previous rising wedge pattern. Best seen on the 4H and 6H, this pattern is clean and technically correct with volume and volatility profiles providing validation. Personally I think that this pattern wants playing in either direction, as before with the rising wedge. There...

jim1990

Best seen on the H4 chart, this very clean and technically correct rising wedge pattern should have a very high chance of providing a big move. On the bearish side we have plenty of traders leveraged long particularly in BTC and ETH at the minute, and euphoria is everywhere. If this plays out to the dowside, the target is around 40k (pattern target and also a...