Bitcoin Bulls Will Have To Reconvene After A Short Retracement
Chart Has A Double Top With Bearish Divergence
Downside Target: $8140
Be Aware: Price breaking through $8900 resistance could continue the bull run to $10K
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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)
Downside Target: $8140
Be Aware: Price breaking through $8900 resistance could continue the bull run to $10K
===============================
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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Rising Wedge
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Watch Out For A Bull Trap If Price Breaks Above $8900.
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And Always Remember That There's The Possibility Of A Falling Wedge Breaking To The Upside.
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Descending Triangle
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Day Chart
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Rising Wedge
Downside Target: 61.8% Fib Level @ $8186
Downside Target: 61.8% Fib Level @ $8186
