Happy Money Monday, Traders!
Hope you find value from this post.
If you did, please like and consider following.
Here's a trading idea.
But firstly...
==============================
Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
==============================
Since the 3rd week of November 2021 Bitcoin went below the 8MA and practically stayed under it up until this writing at 8:45 am CST.
Last week, Bitcoin printed a higher low at $34,322.
The level to watch for a market reversal will be the $42,415 level.
What's happening next?
Bitcoin dipping below $36,282 and closing below it will increase the likelihood of price heading for the 200W MA.
Bitcoin going above the 8W MA and staying above it and passing $42,415, a candle close above and plus a new higher low will eventually change the trend to bullish.
First order of business for the Bulls this week is to get above Bitcoin's 8W MA.
Stoch RSI (1Wk TF): Huge upside potential!
Always remember to place your Stop Loss.
Price action is KING!
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
More power to all your trades, my friends!
Ron
Intrepid_Trader
Hope you find value from this post.
If you did, please like and consider following.
Here's a trading idea.
But firstly...
==============================
Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
==============================
Since the 3rd week of November 2021 Bitcoin went below the 8MA and practically stayed under it up until this writing at 8:45 am CST.
Last week, Bitcoin printed a higher low at $34,322.
The level to watch for a market reversal will be the $42,415 level.
What's happening next?
Bitcoin dipping below $36,282 and closing below it will increase the likelihood of price heading for the 200W MA.
Bitcoin going above the 8W MA and staying above it and passing $42,415, a candle close above and plus a new higher low will eventually change the trend to bullish.
First order of business for the Bulls this week is to get above Bitcoin's 8W MA.
Stoch RSI (1Wk TF): Huge upside potential!
Always remember to place your Stop Loss.
Price action is KING!
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
More power to all your trades, my friends!
Ron
Intrepid_Trader
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