Happy Thirsty Thursday, Traders!
Hope you find value from this post.
If you did, please 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.
==============================
Bitcoin bulls have defended the Green Ascending Support Channel and Bitcoin continues its accumulation phase inside this ascending Triangle.
What am I expecting?
Bitcoin is now trading above its 50D MA. Very promising for the bulls.
If Bitcoin pushes past the Blue Horizontal Resistance Bar above then by the End Of March (EOM) price would be reaching $47K (possibly make a rendezvous with the 200D MA above) before a correction back to the 50DMA.
If Bitcoin breaks support from the Green Ascending Support Channel then price could revert back down to $34.3K
MACD has an unfulfilled Bullish Divergence .
Stoch RSI (1Wk TF): Huge upside potential!
Always remember to place your Stop Loss.
Price action is KING!
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.
Cheers! and More power to all your trades, my friends!
Ron
Intrepid_Trader
Hope you find value from this post.
If you did, please 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.
==============================
Bitcoin bulls have defended the Green Ascending Support Channel and Bitcoin continues its accumulation phase inside this ascending Triangle.
What am I expecting?
Bitcoin is now trading above its 50D MA. Very promising for the bulls.
If Bitcoin pushes past the Blue Horizontal Resistance Bar above then by the End Of March (EOM) price would be reaching $47K (possibly make a rendezvous with the 200D MA above) before a correction back to the 50DMA.
If Bitcoin breaks support from the Green Ascending Support Channel then price could revert back down to $34.3K
MACD has an unfulfilled Bullish Divergence .
Stoch RSI (1Wk TF): Huge upside potential!
Always remember to place your Stop Loss.
Price action is KING!
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.
Cheers! and More power to all your trades, my friends!
Ron
Intrepid_Trader
Comment:
Bitcoin riding the 50D MA.
