The King has Returned! Sell your kids, buy bitcoin!

XBTUSD.P As you can see, the correction has been completely and bullish price action has re-appeared. There has been massive whale accumulation for the past couple weeks and we've formed a good looking Cup & Handle, also an INVERSE HEAD AND SHOULDERS, which gives us a realistic target of 16300. But, as all of you know, bitcoin isn't realistic. I'm expecting massive FOMO to return and more media attention to drive the price to $40k - $50k. Just in time for summer.

Buy zone: 10,700 - 11,500

Stop loss: 9,280

Target 1: $16,300

Target 2: $25,000

Target 3: $40,000 - $50,000

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Trade chiuso manualmente:

I'm waiting for confirmation to enter a trade.

Check this scenario, I think it is more probable.