Bitcoin Warming Up For The Launch - Line Chart Version

2019년 7월 30일

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

2019년 7월 31일

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We have price movement to the upside now.

2019년 8월 1일

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Bullish Ascending Triangle

2019년 8월 1일

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

2019년 8월 5일

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Bitcoin still moving towards the red target line.

2019년 8월 7일

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Target reached.