BTC: VCP and Ascending Triangle breakout: price target 60-65K

ADDED to my BTC trade position here. Ascending Triangle breakout around 49.8K. Volatility Contraction pattern printing on 1 hr and 4hr charts. Strong news about Microstrategy issuing debt for more bitcoin purchases (900 Million).

coindesk.com/microstrategy-boosts-latest-debt-for-bitcoin-offering-to-900m

Coiling up like a furious snake. Is it possible to fail here? Yes, but Michael Saylor just announced a 900 Million debt deal to buy Bitcoin, what price is he going to buy at?

Stop loss 10%. First profit target: 20%.

Raising stops to break even at 10-14% unrealized gain.

Bitcoin (Cryptocurrency)BTCBTCUSDBTCUSDTChart PatternscryptomicrostrategyMSTRTrend Analysis

@eddietradezz
Also on:

Disclaimer