So bitcoin found its self in a rising wedge, which tend to have a bearish bias...
Though under the current market conditions everything is being completely ignored...
With having breakout of this rising wedge, and confirming the breakout by retesting the ascending resistance as support, bitcoin has the potential to move all the way up to $42,300
i do want to mention though, DO NOT GET CARRIED AWAY... the markets are extremely volatile and it could turn on any of us at any moment,
If you take the trade, set the stop loss either inside the wedge, or slightly underneath the lower boundary of the wedge.
Otherwise lets ride this baby to the moon!
Though under the current market conditions everything is being completely ignored...
With having breakout of this rising wedge, and confirming the breakout by retesting the ascending resistance as support, bitcoin has the potential to move all the way up to $42,300
i do want to mention though, DO NOT GET CARRIED AWAY... the markets are extremely volatile and it could turn on any of us at any moment,
If you take the trade, set the stop loss either inside the wedge, or slightly underneath the lower boundary of the wedge.
Otherwise lets ride this baby to the moon!