I have had a descending, broadening wedge drawn for a while. Somewhat later I identified a falling wedge inside of the broadening wedge. I noticed an intersection of the supply lines of the two wedges and the demand line of the falling wedge. It corresponded to the lowest daily price for BTC, so maybe it does have some significance. BTC previously broke out of the broadening, descending wedge. This low represents a backtest of the previous supply line (now acting as a demand line). I'm not sure if back testing the previous supply line of a broadening wedge is something that has much significance. I would think it does have some significance but possibly not a very strong signal?
