Bitcoin Has Strong Bullish Signals For The Short Term
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Price has been consolidating after a strong descent to 7.3K... Now what's going to happen next?
Price has been supported by the white broken extended line (support since Sept. 26th).
RSI has Bullish Divergences.
Upside Breakout Target
1. (Golden Ratio) 0.618 Fib Level @ $7698
2. (Blue Rectangle): $7,760 - $7810
Note worthy:
0.786 ($7,521) and the Golden Ratio Fib Level 0.618 ($7,698) are common levels of price reversal.
Downside Breakout Target: Fib Level 1.786 @ $6467
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)
Price has been supported by the white broken extended line (support since Sept. 26th).
RSI has Bullish Divergences.
Upside Breakout Target
1. (Golden Ratio) 0.618 Fib Level @ $7698
2. (Blue Rectangle): $7,760 - $7810
Note worthy:
0.786 ($7,521) and the Golden Ratio Fib Level 0.618 ($7,698) are common levels of price reversal.
Downside Breakout Target: Fib Level 1.786 @ $6467
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)
Anmerkung
Bullish Divergences need to be fulfilled.Anmerkung
Price has been rising for 8 hours now and showing some signs of weakness. Price is going up but RSI doesn't seem to be at par with it signaling bulls are losing some steam. No more bull around to push up the price? Are the bulls, who jumped in 8 hours ago, no turning into bears?Anmerkung
Note Worthy: Golden 0.618 Ratio Fibonacci Level has been reached.Anmerkung
Price has reached the red descending parallel channel resistance level. Anmerkung
And as soon as I had update this post, price just blew past the resistance line and now headed for the blue rectangle target zone!Anmerkung
Bulls are going strong.Anmerkung
(Golden Ratio) 0.618 Fib Level @ $7698 target reached.Anmerkung
(Blue Rectangle ): $7,760 - $7810 targets reached.Anmerkung
Next Fib level .382 reached.Anmerkung
Next Fib level .236 @ $8100 reached.Anmerkung
Amazing move, no signs of weakness yet.Anmerkung
The Bulls are furious!!!!Anmerkung
17.89% price pump so far!Anmerkung
Resistance hit!
Anmerkung
Massive, Massive, Massive Gains!Anmerkung
Price now broke through 1.382 Fib Level! Incredible!Anmerkung
Bulls have been exhausted for now.Anmerkung
What's going to happen next?
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