Bitcoin soaring ahead 🛩️ | New Daily and 2H PG
Bitcoin has formed a PG on the daily chart
It seems like the party will go on, if this is not a fake breakout. Yesterday we were able to form another signal on the daily chart and this was triggered today.
At the moment we are already above the trigger of the PG but we still have to wait for a confirmation.
A PG rarely comes alone in bitcoin and so another one was formed on the 2 hour chart.
If this breaks out soon, the first positions on the buy side can already be entered. Everything else as always in the comments.
Is this perhaps just a fake?
The possibility exists, of course, but a new high would allay concerns. No doubt a longer correction would be very healthy but buyers don't have time for that at the moment it seems.
PG | Trigger point upside | Trigger point downside |
---|---|---|
Daily | 37880$ | 32420$ |
2H | 39100$ | 37760$ |
Source: (Guidants/Godmode Trader) & JFD Broker & Binance
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