Bitcoin - Will This Bullish Scenario Play Out?
Diupdate
Happy Wednesday Evening Traders!
Hope you find value from this post.
If you did, please give it a 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.
==============================
TIMEFRAME: 4 Hour
Bitcoin is coiling up for another push up from this bull flag, this weekend may see a pump and if it does will create another CME gap during the weekend which result to retracement after hitting the resistance line of this Rising Wedge.
Watch out for this... Price may dip back down to meet up with the 200 EMA at $29,650 prior to continuing this bullish move towards the Green Bar above, and this is due to the sly actions of stop hunting bots that tend to take out stop losses right under $30,250 which usually happens in the trading arena (really nothing new about that). But just be aware of that.
Bitcoin is coiling up, loading up to pump one more time towards 33.8K by the weekend.
If you're looking to accumulate Bitcoin, well then the way to do it would be to DCA (Dollar Cost Average) in, buying as it gets cheaper and cheaper.
If you've already accumulated Bitcoin, good news is that price is now sitting above the 80 EMA (teal) and the 200 EMA (red) and if it continues to stay above it then we pump again.
So, hope you are able to find some ideas for your strategy here.
Remember...
No emotions, stick to your rules.
For lower time frames, check out my other posts.
Price action is always 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.
Hit me up with your questions, will be glad to answer them.
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, please give it a 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.
==============================
TIMEFRAME: 4 Hour
Bitcoin is coiling up for another push up from this bull flag, this weekend may see a pump and if it does will create another CME gap during the weekend which result to retracement after hitting the resistance line of this Rising Wedge.
Watch out for this... Price may dip back down to meet up with the 200 EMA at $29,650 prior to continuing this bullish move towards the Green Bar above, and this is due to the sly actions of stop hunting bots that tend to take out stop losses right under $30,250 which usually happens in the trading arena (really nothing new about that). But just be aware of that.
Bitcoin is coiling up, loading up to pump one more time towards 33.8K by the weekend.
If you're looking to accumulate Bitcoin, well then the way to do it would be to DCA (Dollar Cost Average) in, buying as it gets cheaper and cheaper.
If you've already accumulated Bitcoin, good news is that price is now sitting above the 80 EMA (teal) and the 200 EMA (red) and if it continues to stay above it then we pump again.
So, hope you are able to find some ideas for your strategy here.
Remember...
No emotions, stick to your rules.
For lower time frames, check out my other posts.
Price action is always 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.
Hit me up with your questions, will be glad to answer them.
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
Catatan
Stoch RSI ready to bounce back up.
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