Currently the Bitcoin is moving in the corresponding patterns as expected. The goal of $ 7,806 was almost reached at $ 7,790 and will probably be completed today. After we have already left the trend channel and formed higher lows, the Bitcoin must train in the next spurts also higher highs. The important next step is the $ 8,134 and later the $ 8,589 mark.
Note: You must assess your own risk-taking ability and invest only as much as you are prepared to lose.
Always take note of the money management, because the money you do not lose, you can invest again.
As usual, this is not a buy and sell recommendation, but my personal assessment and opinion on the chart presented.
Greetings from Hanover Stefan
P.S. If you liked it, Agrees with me ;-)
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TradingIdea:
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Yesterday, the MoB line was crossed down. The counting method is therefore invalid. An LDT and EDT as Leading Diagonal Triangle and Expanding Diagonal Triangel can be excluded in my opinion. Therefore, it should come as no surprise if this uptrend was just a correction and new lows must be scheduled!
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BTC must break out of the trend channel and form a higher high to reach the short-term target. So far BTCUSD is still weakening at the trend channel.