Chart Contents
1. Bearish Rising Channel
2. Bearish Divergence
3. Momentum Directed Downwards On 1 Hour Chart
4. Short Term Trend Is Upwards
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 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). <<<<<
Constructive and positive comments are welcome.
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Ron (The Intrepid Trader)
This is not financial advice. Do your own TA and use this chart to help you decide what trade you want to make.
1. Bearish Rising Channel
2. Bearish Divergence
3. Momentum Directed Downwards On 1 Hour Chart
4. Short Term Trend Is Upwards
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 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). <<<<<
Constructive and positive comments are welcome.
Consider leaving a like after viewing my post, and click on Follow to receive my latest and updated posts.
Ron (The Intrepid Trader)
This is not financial advice. Do your own TA and use this chart to help you decide what trade you want to make.
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Movement to the downside.
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Descending Triangle.
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Getting closer to the dump.
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Just be aware that price has been hugging the upper resistance line of this descending triangle. This could potentially break that resistance and pump!
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Only trade the breakouts to be safe and not be sorry. Wait for confirmation of price direction prior to putting in your trade.
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IF THE RED CANDLE OR ITS WICK
TOUCHES $8,555, THIS CONFIRMS
A DESCENDING TRIANGLE PATTERN
TOUCHES $8,555, THIS CONFIRMS
A DESCENDING TRIANGLE PATTERN
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BITCOIN DESCENDING TRIANGLE COMPLETE ON HIGHER TIME FRAME
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Anticipating a Falling Wedge to give an opportunity for price to resume its bull rally.
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Anticipating a Falling Wedge to form @ the 786 Fibonacci Level, giving an opportunity for price to resume its bull rally.
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Bull Flag could take price up to $9K
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Falling Wedge in the Bull Flag is a very good sign.
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Anticipating this move.
Anticipating this move.
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