guzdpete
Long

BTC Long, Bullish Wedge Continuation, 11.7k and 14k resistance

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
A bullish continuation pattern, a wedge .

-Volume decreasing
-Converging resistance and support lines, both downsloping.
-Follows a recent up move
-Takes prices down to support levels

Next resistance looks like $11.7k, where the most recent advance halted. If this is broken, $14k is where we are likely headed.
NICE JOB, SIMPLY AND CLEAN ANALYSIS. I WAS THINKING THE SAME THING BUT SELLING PRESSURE (VOLUME) WAS SLOWING DOWN SO EVENTUALLY BULLS WOULD TAKE OVER.
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