My dear friend, this chart setup is high probability; This target is very easy, it can net 200% profits in the coming weeks or days. Don't let the simplicity get in your way.
We are looking UMABTC on the daily timeframe. I don't know if there is anything to explain as the chart leaves no room for doubt.
We have a correction that leads to a consolidation pattern, then a bottom followed by a bullish wave. (This is the left side of the chart.)
After this bullish wave, we have a classic two steps correction leading to a strong and pretty obvious bottom formation. This bottom formation is fully complete and we are witnessing the start of a new bullish-wave.
The 200% potential is really easy; fast. High probability because of the signals.