White boxes showing somewhat similar fractals from September.
$6775 has not seen a re-test, so a possible re-test may be in the cards today.
If $6775 holds support, a rebound could lead price up to the 21W EMA (7.3K -7.4K)
Breaking support could push price down to the next Fib level 1.272 @ $6422.
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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). <<<<<
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More Power To All Your Trades, Ron (The Intrepid Trader)
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First Re-Test Zone Reached
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Second Re-Test Support Zone
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Support Zones Failed.
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Price now testing the 120W EMA for support. Will it hold?
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It may be time for a retracement. Revisiting the post from a week ago could give us an idea of where this might be headed after a short term retracement.
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Bearish Divergence now on RSI.
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Bitcoin Finally Found Support At The 120W EMA... What Now?