Hello friends and traders,
We may finally break out of this consolidation phase inside the horizontal triangle when this move plays out.
The first 1-2-3-4 cycle (White Numbers) had a 30% Drop.
The second 1-2-3-4 cycle (Yellow Numbers) may replicate the 34% rise, which lines up with the 0.236 Fibonacci Level and the target price is at $12,736.22 before we drop again.
Remember to always, always place your trailing stops at the appropriate levels as not to get stopped out at your trades.
>>>>> Always be prepared for either scenario of upwards movement or downwards movement. <<<<<
Happy Trading Everyone.
Ron (Intrepid Trader)
Support and Resistance Lines
The Trend-Based Fibonacci Extension Tool
Elliott Impulse And Correction Waves
Potential Inverse Head & Shoulders Pattern
============================================
Check out these still valid long-term outlook for Bitcoin using:
Bitcoin ABC Elliott Correction Wave & Gann Boxes
Bitcoin's Most Common Reversal Levels
Fractals: Hmmm, Pretty Similar To Me Bitcoin
============================================
Check out Bitcoin Cycles
Bitcoin Cycle Of Rise, Peak, Drop
============================================
Wonderful 61.8% And 38.2% Fibonacci Magic
We may finally break out of this consolidation phase inside the horizontal triangle when this move plays out.
The first 1-2-3-4 cycle (White Numbers) had a 30% Drop.
The second 1-2-3-4 cycle (Yellow Numbers) may replicate the 34% rise, which lines up with the 0.236 Fibonacci Level and the target price is at $12,736.22 before we drop again.
Remember to always, always place your trailing stops at the appropriate levels as not to get stopped out at your trades.
>>>>> Always be prepared for either scenario of upwards movement or downwards movement. <<<<<
Happy Trading Everyone.
Ron (Intrepid Trader)
Support and Resistance Lines
The Trend-Based Fibonacci Extension Tool
Elliott Impulse And Correction Waves
Potential Inverse Head & Shoulders Pattern
============================================
Check out these still valid long-term outlook for Bitcoin using:
Bitcoin ABC Elliott Correction Wave & Gann Boxes
Bitcoin's Most Common Reversal Levels
Fractals: Hmmm, Pretty Similar To Me Bitcoin
============================================
Check out Bitcoin Cycles
Bitcoin Cycle Of Rise, Peak, Drop
============================================
Wonderful 61.8% And 38.2% Fibonacci Magic
Comment:
Support at the white bar inside the orange circle held up, price bounced off of it and now moving towards the $12.7K target. Will it reach if?
Comment:
Bitcoin rallying and on course towards the $12.7K target.
