Yellow Broken Resistance Trend Line has been replicated, the trend angle are exactly the same.
Price has been kept below this trend line in 2018 all the way down to the 200 W EMA level where it finally found support and the bottom.
200 W EMA (Red EMA Line) lines up at the $5K level.
This 200 W EMA has supported price back in 2015-2016
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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)
Price has been kept below this trend line in 2018 all the way down to the 200 W EMA level where it finally found support and the bottom.
200 W EMA (Red EMA Line) lines up at the $5K level.
This 200 W EMA has supported price back in 2015-2016
===============================
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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Bitcoin Bowl
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WEEKLY CHART
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Resistance Trend Line Has Been Reached And Breached. Price Could Still Pull Back.
