Bitcoin has been in this Falling Wedge for a over 2 1/2 weeks now and it has come to it's maturation phase.
Percentage of a breakout to the upside is 68%, so it means there's still a chance to break to the downside.
Breaking out to the downside could cause a sharp dip and a fast buy up.
Initial target price is $9.4K, but eventually this may reach up all the way to $10.9K.
Take a look at the bigger picture.
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)
Percentage of a breakout to the upside is 68%, so it means there's still a chance to break to the downside.
Breaking out to the downside could cause a sharp dip and a fast buy up.
Initial target price is $9.4K, but eventually this may reach up all the way to $10.9K.
Take a look at the bigger picture.
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)
Chart now has Conglomeration Of Bullish Signals.