Green Bar Must Hold As Support (@ $6.9K - $6.8K) For This Pattern To Go Into Fruition.
RSI has a Bullish Divergence and could probably have a secondary one as the price dips towards the green bar.
MACD has a Bullish Divergence.
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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)
RSI has a Bullish Divergence and could probably have a secondary one as the price dips towards the green bar.
MACD has a Bullish Divergence.
===============================
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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Retracement Target: $7050
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Asending Triangle
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Inverse Head And Shoulders
Upside Target: $8375
Upside Target: $8375
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CHART
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Retracement Time
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Resistance Line Reached
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Bitcoin may potentially reach the Golden Pocket
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Complimentary Bullish Pattern - The Inverse Adam & Eve
Next... price may consolidate in the blue triangle, continue to bombard that resistance trend line until it breaks and eventually follow the green parabolic curve.
If this plan fails, it's down to $5.8K-$5.6K (Green Support Bar).