Bitcoin with two breakouts 馃嵕
There you go concentrating a little less with bitcoin and then it just parties without me. Different PGs have formed on the hourly chart and the 30 minute chart. The breakouts were already very good for such small PGs. Right now we are back above the 43K mark and holding above it.
My idea for a trade
In the short term, one could trade the retracements to the two triggers. Over the long term, we are in a correction and strong sell-offs are possible at any time. As always, you have to hedge your position and take profits early, because a short is always dangerous.
Will the bulls now manage to set a sign?
This question is probably very interesting at the moment, because the correction could have ended today. As soon as we manage to hold today's gains, the chance of a renewed rally and new highs increases.
Source: (Guidants/Godmode Trader) & JFD Broker & Binance
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