Bulls have had their share of fun, now it's the bears' time to party!
Price is currently forming a Bear Flag and RSI has a Bearish Divergence. Strong bearish signal for the short term.
Downside Target: $7.8K
Only trade the breakouts to be safe and not be sorry. Wait for confirmation of price direction prior to putting in your trade. FU Moves are common in crypto, so watch out for those Stops-Hunting Bots. If your stops are too tight, you might get liquidated and get stopped out of 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)
Price is currently forming a Bear Flag and RSI has a Bearish Divergence. Strong bearish signal for the short term.
Downside Target: $7.8K
Only trade the breakouts to be safe and not be sorry. Wait for confirmation of price direction prior to putting in your trade. FU Moves are common in crypto, so watch out for those Stops-Hunting Bots. If your stops are too tight, you might get liquidated and get stopped out of 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:
Failed bear flag
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Bearish divergence still valid!
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Bear flag has just extended, remains valid.
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Dump incoming!
Brace for impact!
Brace for impact!
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Price now ranging in an ascending channel.
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Watch out for Bull Traps!
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1 Hour Chart Showing Bearish Signals with Bearish Divergence on RSI, Momentum Shifted Downwards on Stoch RSI.
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Even the 4Hour Chart is itching to dump. But never let your guard down! Never be complacent. What the charts closely.
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Rising Wedge, Golden 618 Ratio Fib Level Reached (Usual Reversal Area)
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Bulls are pushing hard.
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Bearish divergence still valid, Stoch RSI in upper regions, rising wedge keeping bulls in theIf corral.
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Price pushing up out the resistance line of the rising wedge. Bulls showing their strengths!
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Price reaching key resistance level. But bearish divergence still valid even if price reaches $10K and RSI Level maintains Level 94 or under.
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Break out to upside!
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Watching for a pullback.
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Price has formed a cup pattern, bearish divergence still valid on RSI, it handle on this cup forms this is a bullish pattern.
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Price ranging up the blue ascending channel. Bearish divergence valid on the RSI.
Expecting price to return to support line of channel before a possible breakout towards the upside. We’ll be watching the price action as it unfolds.
Expecting price to return to support line of channel before a possible breakout towards the upside. We’ll be watching the price action as it unfolds.
Comment:
Price in a Rising Wedge, Bearish Divergence on RSI, Potential Cup & Handle Pattern Forming
