RE: Bitcoin (BTC) Morning Update: Why Am I So Bullish on Bitcoin?

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Bitcoin (BTC) Morning Update: Why Am I So Bullish on Bitcoin?

in bitcoin •  7 years ago 

Indeed, same question. The same applies for the picture with the purple wedge...

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7 years ago by

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      ·  7 years ago (edited)

    A rising wedge is indeed bearish. However, he is saying there are more bullish signs -inverse head and shoulders and the Elliott Wave count- than the bearish signs. Although most rising wedges break down, not all do. He is suggesting that due to the bullish signs, the wedges may be invalidated.

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