LONG Bitcoin Warming Up For The Launch - Candles Chart Version
Updated
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:
Check out these still valid mid-term outlook for Bitcoin using:
Support and Resistance Lines
The Trend-Based Fibonacci Extension Tool
Elliott Impulse And Correction Waves
Note
We have price movement to the upside now.Note
Bull Flag, watch out for the break upwards.Warning! Place your trailing stops at the appropriate levels.
Note
Bullish Ascending Triangle 
Note
We have movement to the upside. Warning! Watch out for FU moves.
Place your trailing stops.
Note
Price continues to move towards the $12,400-ish target.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.