If Bitcoin price should continue to push upwards from this Bull Flag, the target should be at $8,592.
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 stopped out at 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.
Consider leaving a like after viewing my post, and click on Follow to receive my latest and updated posts.
Ron (The Intrepid Trader)
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 stopped out at 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.
Consider leaving a like after viewing my post, and click on Follow to receive my latest and updated posts.
Ron (The Intrepid Trader)
Kommentar:
Support Level Being Tested
Kommentar:
Breaking the resistance line of the descending channel will fulfill the bull flag.
Kommentar:
Price now moving towards the bottom line of the descending channel, piercing the Golden 618 Fib Level.
Kommentar:
Price Must Stay Above The Golden Ratio Level To Expect Further Price Ascension And Fulfill The Bull Flag
Kommentar:
Price now moving upwards to fulfill the Bull Flag.
Kommentar:
Retracement
Remember to only trade breakouts with confirmation of price direction before trading.