A look at the hourly time-frame shows that BTC has been trading inside a descending wedge since September 6. At the time of writing, it was trading very close to the support line of the wedge. The descending wedge is considered a bullish pattern, making a price breakout more likely. The $9800 support area has gained more significance due to the fact that once the price reached the area it created a long lower wick and immediately moved back upward. Additionally, while the support area of $10,000 has been broken, the price has not reached a close below it. Looking at the 15-minute chart, we can see that the movement ... (full story)