Price is still inside the falling wedge which is still a bullish sign. Price should break out to the upside soon if manipulation doesn't mess it up.
Upside Breakout Targets:
1. 0.382 Fib Level @ $11,283
2. Red Broken Horizontal Line @ $11,545
Note worthy:
Bitcoin loves to range throughout the entire pattern, in this case price may descend all the way to the tip of this falling wedge towards the $5,857.
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)
Upside Breakout Targets:
1. 0.382 Fib Level @ $11,283
2. Red Broken Horizontal Line @ $11,545
Note worthy:
Bitcoin loves to range throughout the entire pattern, in this case price may descend all the way to the tip of this falling wedge towards the $5,857.
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)
