Nothing much has changed since yesterday.
Price continues to arduously push down at snail pace your patience is being tested to the very limit.
Still awaiting for a red day candle close anywhere below $8050 to give a Bullish Divergence Confirmation on the RSI.
RSI must level must be at Level 20.55 or anywhere above that level at the close of that red day candle.
Zero sellers' strength level has been reached on Stoch RSI.
Bullish Divergence formation continues to form, still valid.
Target area set at the confluences and convergences of trend lines, Fibonacci Levels and the 55W EMA.
Price reversal may be in effect very soon.
*** 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)
Price continues to arduously push down at snail pace your patience is being tested to the very limit.
Still awaiting for a red day candle close anywhere below $8050 to give a Bullish Divergence Confirmation on the RSI.
RSI must level must be at Level 20.55 or anywhere above that level at the close of that red day candle.
Zero sellers' strength level has been reached on Stoch RSI.
Bullish Divergence formation continues to form, still valid.
Target area set at the confluences and convergences of trend lines, Fibonacci Levels and the 55W EMA.
Price reversal may be in effect very soon.
*** 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)
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Ascending Triangle.
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Ascending Triangle upside breakout.
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The Bears have demonstrated dominance. Price got sucked back into the ascending triangle. So unreal!
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Bitcoin price is still currently having a hard time to move up, and it's now feeling like another dip is coming. Now looking at possible support at $7630 due to previous support on the green horizontal line from since late May to early June.
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Bitcoin Dipped And Hit Target Area - What's Next?
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Bitcoin's 84% Depreciation & Fibonacci Levels
