Potential Retracement Target: $7561 on the 38.2% Fib Level
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Watch out for STOPS-HUNTING BOTS!!!!
*** 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)
===============================
Watch out for STOPS-HUNTING BOTS!!!!
*** 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:
On 3 Hour Chart, Bitcoin May Find Support At The 23.6% Fib And Concomitantly The 600 Period EMA.
Comment:
Bitcoin is now approaching the first support zone. If it holds, the pump may resume, and $8.3K is next target. If green diagonal bar is breached, next support zone is the 38.2% Fib level.
Comment:
Strong Buying Pressure At The 23.6% Fib Level.
Comment:
Bitcoin now faced with resistance.
Comment:
Breaking through resistance will open the doors to potential $8.2K.
Comment:
Price getting closer to the $8.2K target but the Bulls are showing some weakness as the RSI is forming a Bearish Divergence. A price reversal may soon ensue.
Comment:
Bitcoin may potentially reach the Golden Pocket
