Happy Taco Tuesday, Traders!
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
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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.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
==============================
After dipping its toes in the Golden Pocket, Bitcoin pulled back and in the lower time frames it has printed a local bullish divergence against the MACD.
Bullish Divergence on MACD against the price action on the 1 HR TF.
A rebound from the Golden Pocket will bring Bitcoin back to $43,689 at the 50% Trend Based Fib Extension level.
Next levels upwards will be:
61.8% Fib = $44,256
78.6% Fib = $45,063
100% Fib = $46,091
1.136 Fib = $46,744
A continuation of this dip past the Golden Pocket could bring Bitcoin down to $40,677 and even down to the previous Green Horizontal Line support at $39,650. And 1.136 Fib sits at $38,996, and 1.272 @ $38,343.
MACD: Bullish Divergence
Stoch RSI: (1WK TF) Oversold Region
Always remember to place your Stop Loss.
Price action is KING!
More power to all your trades, my friends!
Ron
Intrepid_Trader
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.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
==============================
After dipping its toes in the Golden Pocket, Bitcoin pulled back and in the lower time frames it has printed a local bullish divergence against the MACD.
Bullish Divergence on MACD against the price action on the 1 HR TF.
A rebound from the Golden Pocket will bring Bitcoin back to $43,689 at the 50% Trend Based Fib Extension level.
Next levels upwards will be:
61.8% Fib = $44,256
78.6% Fib = $45,063
100% Fib = $46,091
1.136 Fib = $46,744
A continuation of this dip past the Golden Pocket could bring Bitcoin down to $40,677 and even down to the previous Green Horizontal Line support at $39,650. And 1.136 Fib sits at $38,996, and 1.272 @ $38,343.
MACD: Bullish Divergence
Stoch RSI: (1WK TF) Oversold Region
Always remember to place your Stop Loss.
Price action is KING!
More power to all your trades, my friends!
Ron
Intrepid_Trader