Happy Money Monday, Traders!
Hope you find value from this post.
If you did, please like 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.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
==============================
Bitcoin continues to trade above its 50D MA since the 17th of March..
What am I expecting next?
Bitcoin will be heading towards the Blue Horizontal Resistance Bar above and if the bulls have enough momentum will break out of this Ascending Triangle and push towards the 200D MA (Red MA) above at about $47K, before possibly retracing back towards the 50D MA.
If the bulls fail to hold price above the 50D MA, then Bitcoin could fall back towards the Green Ascending Support Channel below and possibly, again, create a new higher low.
But if the Green Ascending Support Channel fails to hold as support, Bitcoin could dip down towards $34,322 if it breaks all the higher lows levels previously printed on this chart.
MACD has an unfulfilled Bullish Divergence .
Stoch RSI (1Wk TF): Huge upside potential!
Always remember to place your Stop Loss.
Price action is KING!
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.
Cheers! and More power to all your trades, my friends!
Ron
Intrepid_Trader
Hope you find value from this post.
If you did, please like 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.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
==============================
Bitcoin continues to trade above its 50D MA since the 17th of March..
What am I expecting next?
Bitcoin will be heading towards the Blue Horizontal Resistance Bar above and if the bulls have enough momentum will break out of this Ascending Triangle and push towards the 200D MA (Red MA) above at about $47K, before possibly retracing back towards the 50D MA.
If the bulls fail to hold price above the 50D MA, then Bitcoin could fall back towards the Green Ascending Support Channel below and possibly, again, create a new higher low.
But if the Green Ascending Support Channel fails to hold as support, Bitcoin could dip down towards $34,322 if it breaks all the higher lows levels previously printed on this chart.
MACD has an unfulfilled Bullish Divergence .
Stoch RSI (1Wk TF): Huge upside potential!
Always remember to place your Stop Loss.
Price action is KING!
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.
Cheers! and More power to all your trades, my friends!
Ron
Intrepid_Trader
Kommentera:
Bitcoin now at the Blue Horizontal Resistance Bar.
