Happy Money Monday, Traders!
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.
==============================
Weekly Outlook:
Bitcoin continues to drop over the weekend and as we start a new week, we take a peek at what's ahead.
Key support sits at $31,788, breaking this level is breaking Market Structure, and closing below it could push Bitcoin down towards the Golden Pocket.
Further push downwards could bring Bitcoin to meet up with its 200 EMA, the Grand Daddy of moving averages.
Assets tend to revert to their moving averages and with the case for Bitcoin could mean price dipping down towards $24,400 - $23,400
78.6% Fib Level sits at %17,225
84% Fib Level sits at $13,668
A U-Turn from here, which is still highly unlikely, would bring Bitcoin back to the 50% Fib level at $36,064.
Stoch RSI: Oversold Region.
Price action is KING!
Always remember to place your Stop Loss.
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
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.
==============================
Weekly Outlook:
Bitcoin continues to drop over the weekend and as we start a new week, we take a peek at what's ahead.
Key support sits at $31,788, breaking this level is breaking Market Structure, and closing below it could push Bitcoin down towards the Golden Pocket.
Further push downwards could bring Bitcoin to meet up with its 200 EMA, the Grand Daddy of moving averages.
Assets tend to revert to their moving averages and with the case for Bitcoin could mean price dipping down towards $24,400 - $23,400
78.6% Fib Level sits at %17,225
84% Fib Level sits at $13,668
A U-Turn from here, which is still highly unlikely, would bring Bitcoin back to the 50% Fib level at $36,064.
Stoch RSI: Oversold Region.
Price action is KING!
Always remember to place your Stop Loss.
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
More power to all your trades, my friends!
Ron
Intrepid_Trader
