Price must remain above the green extended support line, and must consider going above the 20 EMA for more bullish price action.
Bulls will be faced with the Resistance Re-Test Zone #2 @ $7630, if they manage to pierce through Resistance Re-Test Zone #1.
Breaking the Support Re-Test Zone may bring price down to the 61.8% Golden Fibonacci Level, and if that doesn't hold, the 78.6% Fibonacci Level is the next support level.
Stoch RSI Momentum on this 4H Chart is shifted upwards.
The Stoch RSI Momentum on the 1 Day Chart has already shifted downwards.
===============================
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)
Bulls will be faced with the Resistance Re-Test Zone #2 @ $7630, if they manage to pierce through Resistance Re-Test Zone #1.
Breaking the Support Re-Test Zone may bring price down to the 61.8% Golden Fibonacci Level, and if that doesn't hold, the 78.6% Fibonacci Level is the next support level.
Stoch RSI Momentum on this 4H Chart is shifted upwards.
The Stoch RSI Momentum on the 1 Day Chart has already shifted downwards.
===============================
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)
הערה:
Yellow Support Line Must Hold, Else Price Could Escape The Falling Wedge To The Downside And Head Towards $6.8K
הערה:
Price coming up towards the 200 EMA. The 200 EMA has been pushing price down, will this be similar for Bitcoin now or will Bitcoin defy this 200 EMA and push further up or back down towards the Support Re-Test Zone #2?
הערה:
Resistance Line Re-Drawn.
Will Bitcoin break upwards through the upper green extended line of the falling wedge or get pushed down past beyond the yellow parallel channel support?
Will Bitcoin break upwards through the upper green extended line of the falling wedge or get pushed down past beyond the yellow parallel channel support?
הערה:
Momemtum on the Stoch RSI on this Day Chart is shifted towards the downside. Tons of room for price to go downwards.
הערה:
Support Breached.
הערה:
Take Two for the bull in this Ascending Triangle.
Potential upside breakout target: $7.6K to $7.7K @ Fib Levels 61.8% & 78.6%.