The Bears have been exhausted, they've sold their Bitcoins! More Bitcoins for the Bulls now!
Recovery zones determine levels of new highs taking out previous resistance levels.
Price reaching the Launch Zone will determine the strength of the Bulls.
First line of business is to get past the HAW (Head-Above-Water) Zone, then reach the Recovery Zones #1 & #2.
Remember to always, always place your trailing stops at the appropriate levels as not to get stopped out at your trades.
>>>>> Always be prepared for either scenario of upwards movement or downwards movement. <<<<<
Happy Trading Everyone.
Ron (Intrepid Trader)
============================================
Check out these still valid mid-term outlook for Bitcoin:
Support and Resistance Lines
The Trend-Based Fibonacci Extension Tool
Elliott Impulse And Correction Waves
Potential Inverse Head & Shoulders Pattern
============================================
Check out these still valid long-term outlook for Bitcoin using:
Bitcoin ABC Elliott Correction Wave & Gann Boxes
Bitcoin's Most Common Reversal Levels
Fractals: Hmmm, Pretty Similar To Me Bitcoin
============================================
Check out Bitcoin Cycles
Bitcoin Cycle Of Rise, Peak, Drop
Recovery zones determine levels of new highs taking out previous resistance levels.
Price reaching the Launch Zone will determine the strength of the Bulls.
First line of business is to get past the HAW (Head-Above-Water) Zone, then reach the Recovery Zones #1 & #2.
Remember to always, always place your trailing stops at the appropriate levels as not to get stopped out at your trades.
>>>>> Always be prepared for either scenario of upwards movement or downwards movement. <<<<<
Happy Trading Everyone.
Ron (Intrepid Trader)
============================================
Check out these still valid mid-term outlook for Bitcoin:
Support and Resistance Lines
The Trend-Based Fibonacci Extension Tool
Elliott Impulse And Correction Waves
Potential Inverse Head & Shoulders Pattern
============================================
Check out these still valid long-term outlook for Bitcoin using:
Bitcoin ABC Elliott Correction Wave & Gann Boxes
Bitcoin's Most Common Reversal Levels
Fractals: Hmmm, Pretty Similar To Me Bitcoin
============================================
Check out Bitcoin Cycles
Bitcoin Cycle Of Rise, Peak, Drop
Comment:
Trend Has Reversed In The Short Term 15 Min Time Frame Market Structure Has Been Maintained. Watch for the first resistance level at $10,200.
Comment:
Bull Flag Break Out.
Target $10,600
Target $10,600
Comment:
Bull Flag Break Out.
Target $10,600
Target $10,600
Comment:
Bitcoin got it's head up above the HAW Zone for a short while, and it's now back below it. Bitcoin is now trying another shot at it. Let's see if the Bulls have the strength to push up and stay above the HAW Zone for good.
Comment: