LONG Bitcoin Warming Up For The Launch - Candles Chart Version

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.
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 A Line 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

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We have price movement to the upside now.

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Bull Flag, watch out for the break upwards.
Warning! Place your trailing stops at the appropriate levels.

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Bullish Ascending Triangle

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We have movement to the upside.
Warning! Watch out for FU moves.
Place your trailing stops.

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Price continues to move towards the $12,400-ish target.