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www.tradingview.com formation observed on the daily, will be looking to long any retrace down to the open/close of previous daily candle and stop beneath the swing low wick. Targeting the clear S/R level marked in red.
Idea by Pheneck
The .786 to .5 Fib retracement bounce isn't uncommon, which gives us another 13% from the time of posting.
Ideally, the green support noted holds. If not then I'll be looking at reactions with the lower blue noted levels.
Idea by Jack
Possible new support and lots of take profits or compounding levels for longs.
An important aspect to note about trading is patience and yes we've heard it 1000 times but if we are willing to mark a clear level of support and simply wait to see new demand there again we stand a much higher chance of success.
The black levels marked are obviously support, and...
Not a bad looking chart. Continued support 1950-1980 would be ideal.
9 ema above the 20 ema = Bullish
RSI above 50 = Bullish
MACD above signal = Bullish .
CCI above 0 = Bullish
Now we just need Bitcoin -1.08% to play ball.
Idea by Jack
Will this .618 - .786 Fib Retracement cap continue to hold price down or will we see a break in pattern with the next volatile swing?
The symmetrical triangle is simply a period of indecision and as most of you reading this know, Bitcoin -0.10% has been suffering the indecision of this bear market for 9/10 months now.
If I had to pick a direction right now, I...