RSibayan

Bitcoin - Diamond Bottom Reversal

Long
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Upside Target: $7,250
Pattern Failure Potential Downside Target: $6,432

RSI and MACD have Bullish Divergences.
RSI is at the oversold levels.



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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.

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More Power To All Your Trades,
Ron (The Intrepid Trader)
FREE Telegram Channel: https://t.me/intrepidtrader
Nothing being sold here, nothing to buy here, & No solicitations whatsoever.

Comments

upvoted. great chart.
Reply
Meaning of my name is Diamond, Your work is excellent ... Let me show your my work using by the different timeframe and short term view: https://www.tradingview.com/chart/BTCUSD/dUVg4PLj-Low-risk-setup-plan-on-Bitcoin-for-short-term/#tc3374241
Reply
RSibayan Kinnari_Prajapati
@Kinnari_Prajapati, NIce! Thanks for sharing.
Reply
@RSibayan, welcome.
Reply
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