BitcoinPembelian
Bulls Must Defend The $10,350 For An Immediate Trend Reversal
Diupdate
When the Bulls are able to defend the $10,350 (Support Line #1) the trend will reverse and price will continue to go up.
Bullish signs:
1. A falling wedge (Orange Lines Converging)
2. Bullish Divergence on RSI
If the Bears are able to pull the price down past $9,750 (Support Line #2), they will devour the bulls in their path.
The Bull's last line of defense would be Support Line #3 at the 9K level.
If the Bulls are able to break out upwards from the huge pennant shaped corral, here's how this story might go:
Always place your stops at the appropriate levels.
Happy Trading Everyone!
Ron
Bullish signs:
1. A falling wedge (Orange Lines Converging)
2. Bullish Divergence on RSI
If the Bears are able to pull the price down past $9,750 (Support Line #2), they will devour the bulls in their path.
The Bull's last line of defense would be Support Line #3 at the 9K level.
If the Bulls are able to break out upwards from the huge pennant shaped corral, here's how this story might go:
Always place your stops at the appropriate levels.
Happy Trading Everyone!
Ron
Catatan
A bounce off of $10,350 and now moving towards the Resistance Line #1 Catatan
First Resistance Line turned to Support LineCatatan
Price now struggling to get above the Yellow Support Line (Support Line #2).Price is still ranging now but has the potential to launch from this level. Accumulation phase is almost complete. Bullish signals are firing now.
Warning! Never dismiss the possibility of a break to the downside.
Warning! Watch out for the FU move.
Best strategy for any scenario:
1. Place a trailing stop loss.
2. Never trade before the breakout!
Happy Trading Everyone.
Ron
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.