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Bitcoin Warming Up For The Launch - Line 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 (Pink Broken Lines).
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 the Candle Chart Version:
LONG Bitcoin Warming Up For The Launch - Candles 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





Ghi chú
We have price movement to the upside now.
ảnh chụp nhanh
Ghi chú
Bullish Ascending Triangle

Bitcoin Bullish Ascending Triangle On H1
Ghi chú
We have movement to the upside.
Warning! Watch out for FU moves.
Place your trailing stops.
ảnh chụp nhanh
Ghi chú
Bitcoin still moving towards the red target line.
Ghi chú
Target reached.

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