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LONG Bitcoin Warming Up For The Launch - Candles Chart Version

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Price is following the Bullish Falling Wedge outlined by the Blue Lines, there's another Bullish Falling Wedge outlined by White Lines.
There are Unfulfilled Bullish Divergences.
General market trend is Bullish .

Probability Of Breakout To Upside: High
Expiration: 8-12 Hours
Our target breaking out towards the upside: $12,300-ish

Warning! Never dismiss the possibility of a break to the downside.
Warning! Watch out for the FU move.

Best strategy for any scenario:
1. Place a trailing stop loss.
2. Never trade before the breakout!

Happy Trading Everyone.

Ron


Here's A Line Chart Version:
Bitcoin Warming Up For The Launch - Line Chart Version




Check out these still valid mid-term outlook for Bitcoin using:

Support and Resistance Lines
Bitcoin Support And Resistance Bars


The Trend-Based Fibonacci Extension Tool
Trend-Base Fib Extension Is A Magnificent Tool



Elliott Impulse And Correction Waves
Bitcoin Elliott Impulse And Correction Waves Complete


הערה
We have price movement to the upside now.
תמונת-בזק
הערה
Bull Flag, watch out for the break upwards.
Warning! Place your trailing stops at the appropriate levels.
תמונת-בזק
הערה
Bullish Ascending Triangle
Bitcoin Bullish Ascending Triangle On H1
הערה
We have movement to the upside.
Warning! Watch out for FU moves.
Place your trailing stops.
תמונת-בזק
הערה
Price continues to move towards the $12,400-ish target.

כתב ויתור

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