narushima
Long

BTC rising wedge upward breakout 3100+ targets on.

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
The corrective rising wedge broke out , scaled in, target up is 3100 + for this pattern for assured profit. Only some USD from ATH             breakout for ultimate confirmation, Ichimoku cloud signals positive on each and every timeframe.
Since we are on a post-majorcorrection breakout, leverage is maximum.
1.618 Fibo of complete corrective downward retracement and fully optimistic rising wedge computed target gives a 3350 + level

Check here for idea about how to compute target for a confirmed rising wedge upward breakout :
http://thepatternsite.com/risewedge.html
Trade active: ATH breaking everywhere, goes well.
Trade closed manually: Position closed when prices crossed upper rising wedge trendline again. Target not reached.
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