20 D EMA continues to press down on Bitcoin while the 20 Monthly EMA continues to hold as support.
How much longer can the 20 M EMA hold price up?
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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). <<<<<
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More Power To All Your Trades,
Ron (The Intrepid Trader)
How much longer can the 20 M EMA hold price up?
===============================
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)
Bình luận:
Bulls and Bears in a tug of war seems to have equalized in strength with the appearance of a spinning top. Well, this day has just begun, we'll see who will win at sunset.
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Be Aware!
Stoch RSI momentum is still in a downward direction.
Bitcoin has the prerogative to either re-test support zone or not.
Stoch RSI momentum is still in a downward direction.
Bitcoin has the prerogative to either re-test support zone or not.
Bình luận:
Yellow Broken Resistance Trend Line has been replicated, the trend angle are exactly the same. Price has been kept below this trend line down to the 200 Period EMA where it got supported.
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Bitcoin chose to dump.
