Bitcoin broke through the trend line, which was followed by a strong impulse growth. This is quite common, especially on higher timeframes. We noted several examples on the chart.
Breaking the trend line very often leads to a trend reversal. I hope this time the situation will repeat itself. And we will see at least an uptrend to a liquidity gap.
One of our strategies showed an entry at the close of the weekly candle. We are now in a long position with 30% of our capital.
It is hard to say whether the price will reach the $52k mark or if the correction will continue and we will close our positions. But as long as the trend is upward, we will still look for long trading ideas.
There is a liquidity gap ahead, which will be resistance for bitcoin. In case of a test of this area, we should expect a pullback.
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Breaking the trend line very often leads to a trend reversal. I hope this time the situation will repeat itself. And we will see at least an uptrend to a liquidity gap.
One of our strategies showed an entry at the close of the weekly candle. We are now in a long position with 30% of our capital.
It is hard to say whether the price will reach the $52k mark or if the correction will continue and we will close our positions. But as long as the trend is upward, we will still look for long trading ideas.
There is a liquidity gap ahead, which will be resistance for bitcoin. In case of a test of this area, we should expect a pullback.
💚 Please like and subscribe to us to get more ideas like this.
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