Happy TGI-Friday, Traders!
Hope you find value from this post.
If you did, pls 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 is currently sitting on an important key level of support, previously held as strong support on the 21st of Sept. at $39,650.
So, what's happening next?
If Bitcoin bounces from the Green Horizontal Support Line, then it would confirm the formation of an Ascending Triangle. Bitcoin would then re-test the Red Resistance Trend Line of this triangle if it reverses from $39,650.
If this Green Horizontal Support Line fails, Bitcoin could dip towards the 61.8% Fib level @ $37,869 to $37,455 (Golden Pocket), the 78.6% sits at $35,698. Further dipping could push Bitcoin down towards its previous support level at $32,933.
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.
More power to all your trades, my friends!
Ron
Intrepid_Trader
Hope you find value from this post.
If you did, pls 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 is currently sitting on an important key level of support, previously held as strong support on the 21st of Sept. at $39,650.
So, what's happening next?
If Bitcoin bounces from the Green Horizontal Support Line, then it would confirm the formation of an Ascending Triangle. Bitcoin would then re-test the Red Resistance Trend Line of this triangle if it reverses from $39,650.
If this Green Horizontal Support Line fails, Bitcoin could dip towards the 61.8% Fib level @ $37,869 to $37,455 (Golden Pocket), the 78.6% sits at $35,698. Further dipping could push Bitcoin down towards its previous support level at $32,933.
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.
More power to all your trades, my friends!
Ron
Intrepid_Trader
