Bitcoin Micro-Trend Change: Trading Plan 1/10

Hello everyone, this is an update of my previous Bitcoin ideas (linked below). While trading the cryptocurrency market, we mostly rely on simple approaches based on volume & trend. In this idea, we can see the Bitcoin price in a mirco trend-change - initiated by the breakout mid-march. We are looking for two long scenarios during this retracement.
Everything else is explained on the chart.

Cheers,
Ares

Kommentar:

We were previously looking at the price moving in a Symmetrical Triangle with even chances for a breakout. The price finally took another hit and printed a lower low

01:25

Kommentar:

The buyers were exhausted at the current all-time high. The retracement is always shaping differently - based on the strength of the sellers and buyers (observe the volume in this case)

04:10

Kommentar:

This is an idea from late January. Trade the retracement by increasing your position size instead of going short

Trade ist aktiv:

Scenario 1