BTC falling widening wedge and reversal

BTC falling widening wedge and reversal

Bitcoin / U.S. dollar BITSTAMP:BTCUSD


BTC price has been in a range since mid August. BTC attempted to breakout early September but failed. Currently BTC printed a falling widening wedge and a diamond reversal both patterns are bullish reversal patterns. Breakouts will drive price to the measured moves of the patterns at around 21.5k.

The RSI is an upward trend after breaking out from a descending trendline and retesting it.

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