Breakout coming in 3....2.....1...BULLS! Buy as long as we don't close a day below the longer-term trendline around 8500. If buying the breakout, a stop under 8800 might make sense, but a flash-crash wick before breaking out could still happen. 12,000 is first longer-term target; 17k+ possible on the weekly chart without too much trouble, as falling wedges can be extremely explosive when you have a longer-term bullish trend like Bitcoin!
Trade closed: target reached:
Beautiful test of the trendline! OUt at 12,200. Lovely trade. Watch for the daily 50ma test ;)