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:
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
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:
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
Comment:
We have price movement to the upside now.
Comment:
Bullish Ascending Triangle
Comment:
We have movement to the upside.
Warning! Watch out for FU moves.
Place your trailing stops.
Warning! Watch out for FU moves.
Place your trailing stops.
Comment:
Bitcoin still moving towards the red target line.
Comment:
Target reached.
