Bitcoin Bearish Divergence And Rising Wedge
Bearish Divergences have to be fulfilled.
Downside Breakout Target: $8.8K
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)
Bearish Divergences have to be fulfilled.
Downside Breakout Target: $8.8K
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)
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Descending Triangle
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Watch out for these FU moves, bots are stops-hunting again.
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So the bears aren't selling further than the 0.5 Fib level.
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Falling Wedge on 5min chart.
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Bullish Divergence on RSI
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Price moving out from the falling wedge. Target set to $9698
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Target update: $9494
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Bulls are showing weakness.
Bear Flag / Ascending Channel
RSI Bearish Divergence
Bear Flag / Ascending Channel
RSI Bearish Divergence
Target: $8670