BTC Reversal-- Descending Broadening Wedge

The BTC bottom looks to be in. Price action is currently in a Descending Broadening Wedge pattern.

Target is 2800 for a topside breakout.

Kommentar:

The target I posted initially is not correct. Completion of the pattern with an upside breakout should land the price at 2650.

Thanks to @sifeij for pointing out my error.

Happy trading!

Trade geschlossen: Ziel wurde erreicht:

Target reached.

Lots of momentum now and starting to form a trade-able trend. May publish another idea on this as things develop.