Happy Icy Texas 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.
I am not trading this asset but TA on this asset has been requested, so it is my pleasure to present my views on this BTT/USD pair.
==============================
BTT continues to be pushed down as the Bears continue to feast.
BTT is now approaching the Green Support Bar A, if it gets supported by it then our expected target for a bounce would be the 21MA then the Resistance Trend Line and Bar.
Here's a view from a conservative trader... if BTT continues to be below the 21MA and the Resistance, then there's still no long position to be initiated.
BTT must escape the 21MA and Resistance, push up higher prior to opening a long position.
If BTT gets pushed further down, then the next level of support will be the Blue Support "B" below.
Soon, this Descending Triangle will expire and BTT will have to break out of it either to the upside or downside.
MACD: If BTT manages to keep it's level above 0.00011934 then it will maintain it's Bullish Divergence against the price action.
Stoch RSI (1Wk TF): Take note that the setting on this chart for Stoch RSI is set on the 1Wk TimeFrame. Stoch RSI on this chart is above the Oversold Region, above 20. Price action dictates where this should go.
Price action is KING!
Always remember to place your Stop Loss.
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.
I am not trading this asset but TA on this asset has been requested, so it is my pleasure to present my views on this BTT/USD pair.
==============================
BTT continues to be pushed down as the Bears continue to feast.
BTT is now approaching the Green Support Bar A, if it gets supported by it then our expected target for a bounce would be the 21MA then the Resistance Trend Line and Bar.
Here's a view from a conservative trader... if BTT continues to be below the 21MA and the Resistance, then there's still no long position to be initiated.
BTT must escape the 21MA and Resistance, push up higher prior to opening a long position.
If BTT gets pushed further down, then the next level of support will be the Blue Support "B" below.
Soon, this Descending Triangle will expire and BTT will have to break out of it either to the upside or downside.
MACD: If BTT manages to keep it's level above 0.00011934 then it will maintain it's Bullish Divergence against the price action.
Stoch RSI (1Wk TF): Take note that the setting on this chart for Stoch RSI is set on the 1Wk TimeFrame. Stoch RSI on this chart is above the Oversold Region, above 20. Price action dictates where this should go.
Price action is KING!
Always remember to place your Stop Loss.
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