I've been hearing a lot of chatter on BitCoin, on how it's about to make a big move to a new price channel, so I thought it best to give it a chance and view its setup. I first picked up an ascending triangle and placed my bounding lines, began to add my support and resistance lines. From there I picked up three opportunities for LONG trades, the first has already initiated, I believe Bitcoin Price will do some bouncing before it reaches the yellow resistance line, only then do I believe it will break the triangle and make a huge price jump (very long candlestick) into a new price range. Now would probably be the best time to invest in BitCoin
Trade closed: target reached