Ok Bitcoin, You Can't Stay In That One Spot Forever
Cornered again... Bitcoin Now Has To Chose A Direction To Move Out From This Horizontal Triangle
Upward Movement Targets: 11K
Downward Movement Targets: 8.5K - 7.2K
Upward Breakout Probability: Medium-High
Bullish Divergences has to be fulfilled.
Stoch RSI Upward Directed Momentum Getting Stronger
Price is going down but the STRENGTH Indices (RSI and Stoch RSI) are getting stronger upwards, - Bullish signal.
But always wait for confirmation before putting in your trades.
Watch out for Bitcoin FU moves.
Remember to always, always place your stops at the appropriate levels.
Happy Trading Everyone.
Ron
Broader View:
Check out the mid-term outlook using:
Support and Resistance Lines
The Trend-Based Fibonacci Extension Tool
Elliott Impulse And Correction Waves
Upward Movement Targets: 11K
Downward Movement Targets: 8.5K - 7.2K
Upward Breakout Probability: Medium-High
Bullish Divergences has to be fulfilled.
Stoch RSI Upward Directed Momentum Getting Stronger
Price is going down but the STRENGTH Indices (RSI and Stoch RSI) are getting stronger upwards, - Bullish signal.
But always wait for confirmation before putting in your trades.
Watch out for Bitcoin FU moves.
Remember to always, always place your stops at the appropriate levels.
Happy Trading Everyone.
Ron
Broader View:
Check out the mid-term outlook using:
Support and Resistance Lines
The Trend-Based Fibonacci Extension Tool
Elliott Impulse And Correction Waves
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