BITCOIN - Up Now Down Later ~Or~ Down Now Up Later
Hello Bold Traders!
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
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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.
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Price action has now reached the white resistance trend line with an RSI having a bullish divergence on a high time frame and RSI is trending above the RSI-Based MA.
MACD has crossed bullish and has maintained that cross for 11 weeks now.
My thoughts oN going long: Will await for the RSI to go into BULLISH Territory. Look back at July 26th 2021, RSI's move towards the BULLISH Territory signaled a continuation of the BULL Trend. Take a look at RSI's move towards the BULLISH Territory on April 20th, 2020 where the price action went on it's BULLISH Rally.
Thanks for viewing my post.
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.
More power to all your trades, my friends!
Ron
Intrepid_Trader
Hope you find value from this post.
If you did, pls 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.
==============================
Price action has now reached the white resistance trend line with an RSI having a bullish divergence on a high time frame and RSI is trending above the RSI-Based MA.
MACD has crossed bullish and has maintained that cross for 11 weeks now.
My thoughts oN going long: Will await for the RSI to go into BULLISH Territory. Look back at July 26th 2021, RSI's move towards the BULLISH Territory signaled a continuation of the BULL Trend. Take a look at RSI's move towards the BULLISH Territory on April 20th, 2020 where the price action went on it's BULLISH Rally.
Thanks for viewing my post.
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.
More power to all your trades, my friends!
Ron
Intrepid_Trader
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