We recently saw a sudden trend-change appearing, that we discussed in my previous trading-idea. After the price breaking the short-term trendline on 30th April, we can observe another short-term trend change that is pointing upwards. In order to confirm this scenario, we want the price to maker a higher low, followed by a higher high.
This moment is crucial for the Bitcoin price, since we are looking for a correction on the monthly and weekly chart. Please keep in mind that surprises always occur in the direction of the primary trend (monthly, weekly). I'm waiting for the price to give us a clearer signal on the intraday chart in will follow the short-term trend.
This moment is crucial for the Bitcoin price, since we are looking for a correction on the monthly and weekly chart. Please keep in mind that surprises always occur in the direction of the primary trend (monthly, weekly). I'm waiting for the price to give us a clearer signal on the intraday chart in will follow the short-term trend.
