Either way this will eventually breakout, here are the levels for entry for the Market/Limit short/long positions.
This consolidation phase is in a horizontal triangle, 50%-50% of either breaking out towards the upside as to the downside.
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). <<<<<
Ron (The Intrepid Trader)
This consolidation phase is in a horizontal triangle, 50%-50% of either breaking out towards the upside as to the downside.
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). <<<<<
Ron (The Intrepid Trader)
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Bitcoin has reached support level, will it hold?
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Here the chance of a lifetime.
