markethunter888

Bitcoin is about to breakout

Long
AMEX:BITO   ProShares Bitcoin Strategy ETF
The pattern shown here is a bullish triangle on the hourly timeframe. While the breakout can theoretically be in any direction, the bias is towards the upside. The first target would be the ~18 level (>20% higher).

TAKEAWAY: This kind of move should come on some news headline so let's see what the media feeds us over the next 3-4 days :)

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