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Bitcoin with Weekly PG and Breakout

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Published: 05 Aug 2019 › Updated: 05 Aug 2019Bitcoin with Weekly PG and Breakout

Bitcoin with Weekly PG and Breakout

Bitcoin formed a PG on a weekly basis on 29.07.2019.

Trigger mark top: 11057$
Trigger mark underside: 9100$

With the new weekly candle we have immediately overcome the trigger on the upper side.
Here the same approach as with gold is to be used, riskier traders can already look for entries and the more cautious ones only at week-end price above the upper trigger.

On the big chart we are already in a strong breakout of one PG on a monthly basis (01.02.2019/trigger point 4287$).
Let's see where the trip will take us :-)

Bitcoin hat am 29.07.2019 eine PG auf Wochenbasis gebildet.

Triggermarke Oberseite: 11057$
Triggermarke Unterseite: 9100$

Mit der neuen Wochenkerze haben wir gleich den Trigger auf der Oberseite überwunden.
Hier ist die gleiche Herangehensweise wie beim Gold anzuwenden, risikoreichere Trader können schon Einstiege suchen und die vorsichtigen erst bei Wochenschlusskurs über dem oberen Trigger.

Auf dem großen Chart befinden wir uns bereits in einem starken Ausbruch von einer PG auf Monatsbasis (01.02.2019/Triggerpunkt 4287$).
Mal sehen wohin uns die Reise bringen wird :-)

btc.PNG

H1:
btc h1.PNG

Monthly:
btc monat.PNG

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Legal Disclaimer: I am not a financial advisor
nor is any content in this article presented
as financial advice. Never invest more
than what you can afford to lose.
This post is my personal opinion,
do your own research before making any investment decisions.
If you make any trades after reading this post,
it is completely in your responsibility.
I am not responsible for any of your losses.
By reading this post you acknowledge and accept that.

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