200EMA (RED LINE), the last line of defense, must hold to keep us from going into the Bears' Territory. A RED daily candle closing below it will have a very very high potential for the bulls losing the battle for the next months to come.
The Bulls must defend the $10K level and a monthly green candle closing above it is a strong indication that the Bulls are in control.
Remember to always place your stops at the appropriate levels whenever you put in a trade.
Happy trading everyone!
Ron
The MONTHLY overall view is looking very Bullish .
Check out my mid term out look for BTC with the Trend-Based Fib Extension Tool laid out.
This one's on a day chart:
Check out my mid term out look for BTC with the Fibonacci Circle Tool laid out.
This one's on a day chart:
The Bulls must defend the $10K level and a monthly green candle closing above it is a strong indication that the Bulls are in control.
Remember to always place your stops at the appropriate levels whenever you put in a trade.
Happy trading everyone!
Ron
The MONTHLY overall view is looking very Bullish .
Check out my mid term out look for BTC with the Trend-Based Fib Extension Tool laid out.
This one's on a day chart:
Check out my mid term out look for BTC with the Fibonacci Circle Tool laid out.
This one's on a day chart:
Comment:
Support Bar #1 held up.
Comment:
Resistance Bar #1 has been reached.
Comment:
Price sliced through Resistance Bar #1 like hot knife through butter.
Price is now at Resistance #2. Time for a pull back prior to continuation of the bull run.
Price is now at Resistance #2. Time for a pull back prior to continuation of the bull run.
Comment:
Price consolidation in play at the Resistance Bar #2.
Comment:
The 61.8% Fibonacci Level has been re-tested again and now Bitcoin has created a higher low. Time for a bounce and a bull run!!!!
Comment:
$10K is gone!!!! Onwards to taking out the $14K.