Happy Money Monday, Traders!
Hope you find value from this post.
If you did, pls 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. This is only trading opinion.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
=============================
Bitcoin pierced through its 50MA and is now headed for the previous level of resistance (on the 13th of January 2022) @ $44,453.
If Bitcoin manages to push past $44,453, the next key level of resistance above (previous strong support level) is $45,817.
And finally, the 38.2% Fib Level above is the next level to watch for potential level where Bitcoin could have its initial retracement.
What to watch out for now?
Bitcoin must close this Green Candle above its 50MA, else it's down to its 12MA.
If Bitcoin consolidates sideways, it could be riding on its 50MA until the 12MA catches up and eventually could either push higher up or break the Green Support Extended Trend Line.
MACD: About to cross Zero level.
Stoch RSI: Now approaching 20 level. There's a long way up towards the 80 level. Potentially, more upside price action ahead.
Price action is KING!
Always remember to place your Stop Loss.
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_Tra
Hope you find value from this post.
If you did, pls 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. This is only trading opinion.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
=============================
Bitcoin pierced through its 50MA and is now headed for the previous level of resistance (on the 13th of January 2022) @ $44,453.
If Bitcoin manages to push past $44,453, the next key level of resistance above (previous strong support level) is $45,817.
And finally, the 38.2% Fib Level above is the next level to watch for potential level where Bitcoin could have its initial retracement.
What to watch out for now?
Bitcoin must close this Green Candle above its 50MA, else it's down to its 12MA.
If Bitcoin consolidates sideways, it could be riding on its 50MA until the 12MA catches up and eventually could either push higher up or break the Green Support Extended Trend Line.
MACD: About to cross Zero level.
Stoch RSI: Now approaching 20 level. There's a long way up towards the 80 level. Potentially, more upside price action ahead.
Price action is KING!
Always remember to place your Stop Loss.
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_Tra
