RSibayan
Long

Bitcoin - Big Decision, Dump Or Continue The Bull Rally

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin - Big Decision, Dump Or Continue The Bull Rally

Price now sitting at the Golden 618 Fibonacci Level (most common level of price reversal) at $8481.

Will it pump or continue its descent?

Upward Breakout Target: $9050 to $9.4K

A continuous downward movement can go back down to the 0.382 Fib level @ $8338 and further down to the 0.272 Fib level @ $8250.

Now awaiting for indicators' ( RSI & Stoch RSI ) divergence to provide direction confirmation.



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 stopped out at 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.

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Ron (The Intrepid Trader)



This is not financial advice. Do your own TA and use this chart to help you decide what trade you want to make.
Comment: Awaiting for indicator divergence for price reversal confirmation.
Comment: Falling Wedge in the Bull Flag is a very good sign.
Comment: Bullish Crossover Of The 100EMA Over The 200EMA
Comment: Correction: It's actually the 120EMA over the 200EMA. Very bullish.
Comment: Trend- Based Fibonacci Extension Tool is painting a price descent down to $8389, before the pump.
Comment: Anticipating this move.
Comment: Updated Bitcoin Move.
Comment:
Comment: The Bulls did not have enough power to push the price up and the Bears swept them under their feet. The Bull aren't done yet, they have an ace in their sleeve and it's the HIDDEN BULLISH DIVERGENCE. Check it out.

Comments

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