15 min Chart showing Bullish Divergence on the RSI.
Watch the comparison of this current move with the November 8 move, pretty similar huh?
Look at the 1 Hour Chart where this is headed.
Since Bitcoin is now in a Falling Wedge, it is expected for price to re-test the resistance line of the wedge.
Price may be going on a sideways action as it did in November 8th.
Here's the 1H chart.
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)
Watch the comparison of this current move with the November 8 move, pretty similar huh?
Look at the 1 Hour Chart where this is headed.
Since Bitcoin is now in a Falling Wedge, it is expected for price to re-test the resistance line of the wedge.
Price may be going on a sideways action as it did in November 8th.
Here's the 1H chart.
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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Could be re-testing, Could be replicating.
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Local Bullish Divergence May Be Forming With Re-Test Of Support Line
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Bullish Divergence confirmed at the re-test. Time to go up!
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Waiting for confirmation of a rebound.
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Watch The Timer For Candle Close Then Check Price If It Rebounds From Support Level
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Waiting On Confirmation On A 4 Hour Chart
