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Bitcoin / USD: upside-or downside breakout (4 hour chart)

BITFINEX:BTCUSD   比特币/美元
Triangle (orange lines)
We see a triangle, which is a continuation pattern.
--> expectation: upside breakout

Rising wedge (blue lines)
However, we could also see a rising wedge , which is a reversal pattern
--> expecation: downside breakout

Bearish divergence between price and RSI (red lines)
We notice bearish divergence between the price and the RSI: price action is not confirmed by momentum (indicated by the RSI )
In general, this would mean a correction

So signals are mixed... time will tell

PS (personal opinion)
Personally, I would never short bitcoin             , or crypto in general, as to my opinion the crypto-market is in a bull market: there is an upside bias on the long term so why would I take a short position.
I don't want to say that I wouldn't take a short position on a 15-min chart, as the upside bias doesn't apply to that timeframe.
But on a 4 hour, daily and weekly timeframe I wouldn't short
looks like we finally gonna get a correction? or is this still sideways?
回复
@fishy, the decrease stopped at the low of 2017/21/11 21:00. That could be providing support
sideways price action is still possible
回复
we gonna go sideways? :(
回复
@fishy, thank you for you comment.
I understand your point

As you may know, a movement sideways is a continuation pattern.
So we may not see a breakout out of the wedge or triangle, but a breakout out of the sideways-trading range to the upside

Agreed?
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