BTC 2/14/20 acending wedge
已更新
Looking forward to seeing how this one plays out. Major long term down trend followed by ascending wedge...not looking good for btc even in this Q1 bull market:
From investopedia, "Conclusion
Rising wedges have a relatively low risk/high reward ratio and, as a result, they are a favorite among professional technical traders. But there are many false patterns or patterns in disguise that may come off as rising wedges. The only way to differentiate a true rising wedge from a false one is by finding price/volume divergences and to make sure that the failure is still under the 50% Fibonacci retrace. As this historical example shows, when the breakdown does happen, the subsequent target is generally achieved very quickly."
- investopedia.com/articles/trading/07/rising_wedge.asp
From investopedia, "Conclusion
Rising wedges have a relatively low risk/high reward ratio and, as a result, they are a favorite among professional technical traders. But there are many false patterns or patterns in disguise that may come off as rising wedges. The only way to differentiate a true rising wedge from a false one is by finding price/volume divergences and to make sure that the failure is still under the 50% Fibonacci retrace. As this historical example shows, when the breakdown does happen, the subsequent target is generally achieved very quickly."
- investopedia.com/articles/trading/07/rising_wedge.asp
註釋
Wedge is playing out as statistically most likely. Break thru south now waiting for retest and further downside: 
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