The last leg that never happened..
As we approach the end of this long term bear wedge, what was previously predicted as another leg down has turned out to be sideways motion which is now hugging the resistance line,
For me this confirms a break in pattern of the previous 2/3 legs down. The news on the Gox saga and china bans seems to be drying up and positive news taking its place.
As we approach the critical point in this long term wedge I would be tempted to go long now although wouldn't be suprised by a flash crash to 380 beforehand.
For me this confirms a break in pattern of the previous 2/3 legs down. The news on the Gox saga and china bans seems to be drying up and positive news taking its place.
As we approach the critical point in this long term wedge I would be tempted to go long now although wouldn't be suprised by a flash crash to 380 beforehand.
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