Bitcoin and the prominent marks in the chart
For some time now, we have been in a correction in BTC. Apparently, this correction is taking place at a high level, because major sales are not taking place. Only smaller profits are realized and these are currently flooding the small coins. Hive and Leo are celebrating a strong party today and this may of course continue. The run on our platforms is great and new bloggers are now also finding their place on the chain.
Here I have marked the important marks in the chart, at least those on the hourly chart. Here it actually looks quite good, because a high was broken. The last low can now be seen as support. The high on the upper side must now be broken to attract the bulls again.
If you zoom out a bit, however, you see something that is not bullish. If you use simple trend lines, you can see well the breakouts on the bottom. Should we now continue to trade rather sideways and form a bearish flag, we can assume further falling prices.
The bearish behavior fits into my plan, we still have open targets on the downside. The last 12H PG is already far ago and could now be the next target. Let's see how the market decides.
Trigger 12H PG = 49318$
Source: (Guidants/Godmode Trader) & JFD Broker & Binance
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