Breakout to the upside from this falling wedge Bitcoin is still in would make me look at 2 price targets.
First could be $9.4K, consolidate for a while then pump up again to $10.9K
First Order Of Business Is To Break Out Of This Falling Wedge Towards The Updside.
Watch out for STOPS-HUNTING BOTS!!!!
*** Trades should not be placed based upon what you see here! Do your own research and manage your own risk.
Only trade the breakouts to be safe and not be sorry. Wait for confirmation of price direction prior to putting in your trade.
Remember to always, always place your stop loss at the appropriate levels immediately after you have put in your long/short position so as not to get wrecked with your trades.
>>>>> Always be prepared for either scenario of upwards movement, downwards movement, or sometimes even sideways movement (consolidation phase & sometimes even extended consolidation phases). <<<<<
Constructive and positive comments are welcome. Be courteous.
Consider leaving a like after viewing my post, and click on Follow to receive my latest and updated posts.
More Power To All Your Trades,
Ron (The Intrepid Trader)
First could be $9.4K, consolidate for a while then pump up again to $10.9K
First Order Of Business Is To Break Out Of This Falling Wedge Towards The Updside.
Watch out for STOPS-HUNTING BOTS!!!!
*** Trades should not be placed based upon what you see here! Do your own research and manage your own risk.
Only trade the breakouts to be safe and not be sorry. Wait for confirmation of price direction prior to putting in your trade.
Remember to always, always place your stop loss at the appropriate levels immediately after you have put in your long/short position so as not to get wrecked with your trades.
>>>>> Always be prepared for either scenario of upwards movement, downwards movement, or sometimes even sideways movement (consolidation phase & sometimes even extended consolidation phases). <<<<<
Constructive and positive comments are welcome. Be courteous.
Consider leaving a like after viewing my post, and click on Follow to receive my latest and updated posts.
More Power To All Your Trades,
Ron (The Intrepid Trader)
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Take a look at this chart. Bitcoin in an Ascending Channel.
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The Golden 61.8% Ratio Is A Sound Level For An Initial Price Target.
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The Calm Before The Storm.
Chart now has Conglomeration Of Bullish Signals.
Chart now has Conglomeration Of Bullish Signals.
