If there's any chance for the bulls to get their heads above water then price must push up above the 20 Day (Light Blue) and 20 Weekly (White) EMAs.
For now, price is retracing and the target is the 61.8% Golden Fib Ratio Level at $6819.
The 120D EMA is crossing the 200D EMA downwards, a bearish sentiment.
Looking at the weekly chart... Price is finding strong support at the 120W EMA at the $6.7K ish levels.
Price may re-test the support level.
Stoch RSI is at the over bought conditions.
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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). <<<<<
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)
For now, price is retracing and the target is the 61.8% Golden Fib Ratio Level at $6819.
The 120D EMA is crossing the 200D EMA downwards, a bearish sentiment.
Looking at the weekly chart... Price is finding strong support at the 120W EMA at the $6.7K ish levels.
Price may re-test the support level.
Stoch RSI is at the over bought conditions.
===============================
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)
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Ascending Triangle
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Watching a potential $8K pump.
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Ok, $7850 is an area of multiple resistances,
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NO TRADE ZONE on this 4 Hour Chart.
Sitting on my hands.
Sitting on my hands.
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Bitcoin Continues To Consolidate In The No Trade Zone
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Price has to revert to the 61.8% Golden Ratio Fibonacci Level.
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Bitcoin now facing resistance.
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Bitcoin now breaking away from resistances.
