Trend In 15 Min Chart: Downwards
Probability of Breaking Upwards: 60%
Expiration Time: 12 Hours
RSI: Very Clear Bullish Divergence
Stoch RSI: Upward Directed Momentum.
General Trend Of Bitcoin: Upwards
Upward Break Out Target:
Target #1: Top Of Falling Wedge @ $11,444.39
Target #2: @ 78.6% Fibonacci Level - $11,615.59 (Coinciding with resistance at the 200EMA)
Downward Break Out Target: @ 61.8% Golden Fibonacci Level - $11.079.63
Trade the breakout. Trade the breakout. Trade the breakout.
Warning! Watch for FU moves, extremely large wicks to the downside to take out short positions and instantly wick back up or vice versa, algo bots are set to hunt for stop losses.
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
============================================
Check out these still valid mid-term outlook for Bitcoin using:
Support and Resistance Lines
The Trend-Based Fibonacci Extension Tool
Elliott Impulse And Correction Waves
============================================
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
Probability of Breaking Upwards: 60%
Expiration Time: 12 Hours
RSI: Very Clear Bullish Divergence
Stoch RSI: Upward Directed Momentum.
General Trend Of Bitcoin: Upwards
Upward Break Out Target:
Target #1: Top Of Falling Wedge @ $11,444.39
Target #2: @ 78.6% Fibonacci Level - $11,615.59 (Coinciding with resistance at the 200EMA)
Downward Break Out Target: @ 61.8% Golden Fibonacci Level - $11.079.63
Trade the breakout. Trade the breakout. Trade the breakout.
Warning! Watch for FU moves, extremely large wicks to the downside to take out short positions and instantly wick back up or vice versa, algo bots are set to hunt for stop losses.
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
============================================
Check out these still valid mid-term outlook for Bitcoin using:
Support and Resistance Lines
The Trend-Based Fibonacci Extension Tool
Elliott Impulse And Correction Waves
============================================
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
Comment:
Trade Active. Target Set. Stop Loss In Place.
Comment:
Target price #1 $11,444.39 reached.