BITCOIN BREAKOUT IS IMMINENT !!!!!!

The Moon Show

Bitcoin Update

The speaker discusses a clear falling wedge pattern on Bitcoin's daily time frame, which indicates a potential breakout.

Key Points

  • The pattern suggests a breakout within the next 1-2 days
  • If the breakout occurs during the weekend, it may lead to a retest of the broken level
  • The speaker plans to trade the breakout on Coinflare and has a existing trade on Bybit

Targets

  • Downside breakout: $92.5 (support level)
  • Upside breakout: $106,000 (technical target of the falling wedge pattern)

Trading Notes

  • The speaker recommends using Coinflare due to its liquidity and loyalty program
  • Links to trading platforms and tutorials are provided in the video description

Conclusion

The speaker is unsure of the breakout direction, but notes that a falling wedge pattern is typically bullish. A breakout is expected to occur within hours, and the speaker encourages viewers to prepare for a trade.