Will Bitcoin Find Support At $7.3K Or Resistance At $8K
Price currently consolidating at the bottom support line of the top ascending channel.
Will support fail which will let price drop to $7.3K, or will it hold and push price up to $8K?
This Rising Wedge has been re-drawn and is still valid.
Support Re-Test
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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). <<<<<
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More Power To All Your Trades,
Ron (The Intrepid Trader)
Will support fail which will let price drop to $7.3K, or will it hold and push price up to $8K?
This Rising Wedge has been re-drawn and is still valid.
Support Re-Test
===============================
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)
コメント:
SUPPORT FAILED
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WILL SUPPORT ZONE HOLD OR FAIL?
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Now approaching the 20 Period MA on 15 min chart.
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Waiting To Go Long?
Here's An Example Of A Long Entry Scenario.
For Educational Purposes Only.
Exiting is another story.
Here's An Example Of A Long Entry Scenario.
For Educational Purposes Only.
Exiting is another story.
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SUPPORT RE-TEST IN PROGRESS
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SUPPORT RE-TEST FAILED
Bitcoin now headed for SUPPORT RE-TEST ZONE #2
Bitcoin now headed for SUPPORT RE-TEST ZONE #2
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MID-WAY SUPPORT BREACHED.
200 MA REACHED, WILL IT SUPPORT BITCOIN?
200 MA REACHED, WILL IT SUPPORT BITCOIN?
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SUPPORT RE-TEST FAILED.
BITCOIN NOW HAS TO FIND NEW SUPPORT LEVEL.
Price now headed for the $7375 support level.
BITCOIN NOW HAS TO FIND NEW SUPPORT LEVEL.
Price now headed for the $7375 support level.
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$7375 Target Reached. Price Still Falling.
Next price target $7300.
Next price target $7300.
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$7.3K Reached. What Next?
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Next Target: $7214
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Most common price reversal level is at the Golden 61.8% Fib Level.
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Long @ $7390
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3 Min Chart
$7390 - Long @ Support Re-Test
$7390 - Long @ Support Re-Test
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Price rejected at resistance. What next?
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Price Re-Testing Support Zone. Failure of this Support Re-Test Zone will bring Bitcoin to the New Support Zone Level. Furthermore, more dumping will look to find support at the Fib level... First at the 61.8% then the 78.6%.
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Bitcoin Now Caught In An Ascending Triangle. Price must maintain green extended line as support for further bullish price action.
