Bitcoin's short term bullish structure intact – How to play this breakout [Video]

Orlando Gutierrez Learn 2 Trade

Bitcoin's bounce from the $30K level was followed by very little bullish momentum and a wedge started to print on the daily. On Sunday price broke out of this wedge and the bullish move that followed is extremely well structured.

However, we are still trading below the first make it or break it level for bulls: The $42K level.

A breakout scenario might be in play and here is how we will play it:

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Author

Orlando Gutierrez

Learn 2 Trade

Orlando has been involved in the financial markets for about 10 years. His focus is Global Macro and he is a strong believer that the best way to trade the currency markets is focusing on the big picture and holding on to big macro trends.

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