Target 1: $0.87
13 EMA meets .618 fib level is a golden opportunity
Stop loss: slightly below most recent support line (yellow)
Possible gain: 38%
Entry: Bullish divergence on 30 MINUTE MACD OR near support line
Always gravitates towards proper EMA . That is the written law.
Follow for updates along this correction process (should last through the end of January)
13 EMA meets .618 fib level is a golden opportunity
Stop loss: slightly below most recent support line (yellow)
Possible gain: 38%
Entry: Bullish divergence on 30 MINUTE MACD OR near support line
Always gravitates towards proper EMA . That is the written law.
Follow for updates along this correction process (should last through the end of January)
Trade active:
That's the bullish divergence that we needed.
Comment:
Bullish channel. Don't give up when things are oversold. Expect a nice bounce after Bitcoin is done with this phase of the correction.
Bullish channel. Don't give up when things are oversold. Expect a nice bounce after Bitcoin is done with this phase of the correction.
Trade active:
Here's lift off.
Bearish channel. Targeting the top of the channel and looking for re-entry