Watch Out Bitcoin Resistance Ahead
Bitcoin Resistance Ahead At $10.5 to $10,650.
Red shaded area may become a point of price reversal and drop all the way to the green support bar.
We should continue to see a bounce from the support lines and continue a bull rally to potentially $10,900 at the 61.8% Fib level.
The Yellow 100EMA is now about to cross over the Red 200EMA at the Green Shaded Area giving us a signal for more bullish momentum ahead.
Remember to always, always place your trailing stops at the appropriate levels.
Be prepared for either scenario.
Happy Trading Everyone.
Ron
Check out these still valid mid-term outlook for Bitcoin using:
Support and Resistance Lines
The Trend-Based Fibonacci Extension Tool
Elliott Impulse And Correction Waves
Red shaded area may become a point of price reversal and drop all the way to the green support bar.
We should continue to see a bounce from the support lines and continue a bull rally to potentially $10,900 at the 61.8% Fib level.
The Yellow 100EMA is now about to cross over the Red 200EMA at the Green Shaded Area giving us a signal for more bullish momentum ahead.
Remember to always, always place your trailing stops at the appropriate levels.
Be prepared for either scenario.
Happy Trading Everyone.
Ron
Check out these still valid mid-term outlook for Bitcoin using:
Support and Resistance Lines
The Trend-Based Fibonacci Extension Tool
Elliott Impulse And Correction Waves
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