Folks, Bitcoin has yet to fulfill those RSI Bearish Divergences on this chart.
This snapshot is a reminder that these RSI Bearish Divergences have to be fulfilled no matter what.
In any case, when price breaks out to the upside, entering at $9500 (moderately conservative entry) would mean passing majority of the resistances met previously during late October.
Entering below $8900 would mean passing the support line at the 0.5 Fib level @ $8918.
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)
This snapshot is a reminder that these RSI Bearish Divergences have to be fulfilled no matter what.
In any case, when price breaks out to the upside, entering at $9500 (moderately conservative entry) would mean passing majority of the resistances met previously during late October.
Entering below $8900 would mean passing the support line at the 0.5 Fib level @ $8918.
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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So far, there have been 2 failed Double Bottoms.
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One Strong Bullish Signal. Stoch RSI strength is increasing!
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Stoch RSI increasing in strength!
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Price has broken through strong resistance line.
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Bullish Crossover
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Measured Move From A Falling Wedge. Volume Declining... almost ready to pop again!
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Critical Moment!
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Critical Moment!
