Bitcoin Now Has To Decide To Breakout To The Upside Or Downside
Bitcoin Now Has To Decide To Breakout To The Upside Or Downside
Upside Target: Resistance at the 20 Monthly EMA above around $7650
Downside Target: 61.8% Golden Ratio Fib Level $7295
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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)
Upside Target: Resistance at the 20 Monthly EMA above around $7650
Downside Target: 61.8% Golden Ratio Fib Level $7295
===============================
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.
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:
$7650 Target Reached
Comment:
Should the 20 EMA fail to hold support.
It's down to the 61.8% Golden Fib at $7295.
It's down to the 61.8% Golden Fib at $7295.
Comment:
Of course, how can we forget the 50% Fib Level. Can't disregard that at all.
Comment:
Stops-Hunting Bots at work.
Comment:
4 Hour Chart
Price is re-testing Support Zone #1.
Price is re-testing Support Zone #1.
Comment:
Downside Target at 61.8% Fib Level Reached.
Comment:
Bear flag. Downside breakout target: $7215
Comment:
$7215 Target Reached
Comment:
Going up.
Upside Target: $7360
Upside Target: $7360
Comment:
Update:
First target: $7330 @ the 61.8% Golden Fib.
Then possibly up to $7357 at the 78.6% Fib.
First target: $7330 @ the 61.8% Golden Fib.
Then possibly up to $7357 at the 78.6% Fib.
Comment:
Update:
$7305 Target at 61.8%
$7345 Target at 78.6%
$7305 Target at 61.8%
$7345 Target at 78.6%
Comment:
Breaching Green Support Zone can mean a free fall down to $6450
Comment:
Rising Wedge. Downside Breakout Target: $7060
Comment:
Support Lined Up at the support Level on the 4th Of Dec, @ $7078
Comment:
Support help up nicely... What's next?
