Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Seeing a rising wedge here, with one leg up to make. That's usually pretty bearish, isn't it? But both bulls and bears are looking pretty weak. 
It's a closing pennant pattern. July 24 to August 1, I say. But I may BULL-shit you, as I usually do... 
I've never heard of a closing pennant pattern before. Do you have a chart to show? It doesn't look like a bull pennant to me.
Me either. It looks like a rising wedge to me. Which has bearish bias BUT I've seen them break up in bitcoin, for sure.
