After making new ATH's and consolidating for over a month now, Bitcoin is finally settling. This has allowed the 4H 6H 12H 1D Bollinger Bands to tighten and as we near the end of the contracting triangle we can expect a big move. Placing your position when this pattern completes and breaks out is the safest course of action on non-conventional assets such as Bitcoin.
If longing at point E, you're going to want to keep a tight stop loss in the event that the support fails and we break downward.
Refer to related idea for our long term view of Bitcoin price growth.
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Price has broken out of the wedge. Now for the 4h candle to close outside the bollinger bands, to confirm the bullish trend.
I think and I hope like you (because of course we have bitcoins), will go to 30 000 in the next few months. but anyway if we are realistic it will go in the very next time to the 2000 or bellow.