Hitting the 20 Day EMA could start pushing Bitcoin down.
Price is well under the 200 Day EMA, and still in Bear Country.
If the bull could muster their army tonight, and push up past beyond $8K and have a day green candle close above that price, then that journey to the abyss story may just turn into a moon story although it's still a long way up to the 200 Day EMA.
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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 is well under the 200 Day EMA, and still in Bear Country.
If the bull could muster their army tonight, and push up past beyond $8K and have a day green candle close above that price, then that journey to the abyss story may just turn into a moon story although it's still a long way up to the 200 Day EMA.
===============================
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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Following Fractals.
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Capitulation Level Event
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PRICE HAS THE TENDENCY TO REVERT TO THE AVERAGE PRICE LEVELS
