Happy Hump Day, Traders!
Hope you find value from this post.
If you did, please give this a THUMBS UP and consider following.
Here's a trading idea.
But firstly...
==============================
Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade. This is only trading opinion.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
=============================
Bitcoin Bulls are currently holding the fort at $44K!
So, what's happening next?
Bitcoin is poised to reach $46.7K but could first dip down to $42.4K and slingshot its way towards the 38.2% Fib Level @ $46,710 where it meets strong and key resistance prior to its first retracement since its ascent on the 24th of January.
If the Bulls fail to hold the $42.4K (if Bitcoin dips today), then the next immediate level to watch out for is the 12MA.
Right below the 12MA is the 21MA, just be aware of all the support structures including the Green Ascending Extended Trend Line.
3Hr Chart:
Price action is KING!
Always remember to place your Stop Loss.
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
More power to all your trades, my friends!
Ron
Intrepid_Trader
Hope you find value from this post.
If you did, please give this a THUMBS UP and consider following.
Here's a trading idea.
But firstly...
==============================
Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade. This is only trading opinion.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
=============================
Bitcoin Bulls are currently holding the fort at $44K!
So, what's happening next?
Bitcoin is poised to reach $46.7K but could first dip down to $42.4K and slingshot its way towards the 38.2% Fib Level @ $46,710 where it meets strong and key resistance prior to its first retracement since its ascent on the 24th of January.
If the Bulls fail to hold the $42.4K (if Bitcoin dips today), then the next immediate level to watch out for is the 12MA.
Right below the 12MA is the 21MA, just be aware of all the support structures including the Green Ascending Extended Trend Line.
3Hr Chart:
Price action is KING!
Always remember to place your Stop Loss.
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
More power to all your trades, my friends!
Ron
Intrepid_Trader
Bình luận:
200 DAY Exponential MA
Bình luận:
Confluence with the 50% Fib Speed Resistance Fan and 38.2% Fibonacci Retracement Tool @ $46.7K
Bình luận:
