RSibayan

Bitcoin Potential Target Zone At The Base Of Falling Wedge

Long
RSibayan Updated   
COINBASE:BTCUSD   Bitcoin
Potential Target Zone At The Base Of Falling Wedge @ roughly $9450.

Gains of about 8% from falling wedge breakout is possible.

But first order of business is for this price to breakout to the upside out of this falling wedge.


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). <<<<<



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More Power To All Your Trades,
Ron (The Intrepid Trader)
Comment:
Descending Triangle
Comment:
Comment:
Big Decision For Bitcoin
Comment:
Price has come from a local uptrend. Market structure at support level has been maintained. Possible continuation of upward move out of the horizontal triangle.
Although, with price breaking out through support line of the Horizontal Triangle will confirm a Bearish Descending Triangle pattern. And further price action
downwards can be expected.
Comment:
Price broke through resistance on this horizontal triangle with volume increasing now.
Comment:
Falling Wedge Breakout Imminent
Comment:
The Golden 61.8% Ratio Is A Sound Level For A Price Target.
Comment:
The Calm Before The Storm.
Chart now has Conglomeration Of Bullish Signals.
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