Bitcoin Is Dying For An RSI Bullish Divergence On The Day Chart For An Upward Price Action To Happen.
Bitcoin could break out now but if there's no follow through by the bulls is done then price could go south very fast.
The 1 Day Chart is so thirsty for an RSI Bullish Divergence and this layout could be the possible path Bitcoin could take to create one.
EMA Supports On Day Chart:
Yellow: 360D EMA
Red: 500D EMA
*** Trades should not be placed based upon what you see here! Do your own research and manage your own risk.
Only trade the breakouts to be safe and not be sorry. Wait for confirmation of price direction prior to putting in your trade.
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 wrecked with 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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More Power To All Your Trades,
Ron (The Intrepid Trader)
Bitcoin could break out now but if there's no follow through by the bulls is done then price could go south very fast.
The 1 Day Chart is so thirsty for an RSI Bullish Divergence and this layout could be the possible path Bitcoin could take to create one.
EMA Supports On Day Chart:
Yellow: 360D EMA
Red: 500D EMA
*** Trades should not be placed based upon what you see here! Do your own research and manage your own risk.
Only trade the breakouts to be safe and not be sorry. Wait for confirmation of price direction prior to putting in your trade.
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 wrecked with 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.
Consider leaving a like after viewing my post, and click on Follow to receive my latest and updated posts.
More Power To All Your Trades,
Ron (The Intrepid Trader)
Comment:
Bitcoin couldn't pierce the 200D EMA. Will it re-test it or just drop like a rock!
Comment:
Descending Channel
Comment:
This Drop To The 78.6% to 84% Fib Level Could Be The Move That Will Create A Bullish Divergence On This Daily Chart.
Comment:
Bulls are patiently awaiting for their prey!
Soon the bears will be exhausted and the bulls will start to feast and gore their way to the top of this channel.
Soon the bears will be exhausted and the bulls will start to feast and gore their way to the top of this channel.
Comment:
Update on the Descending Channel
