Bitcoin - Price Retracement Followed By Further Bull Rally
After it has reached it's target price at $8.5K, price may retrace to $8.4K before resuming it's Bull Rally.
Price Target for Bull Rally resumption will have yet to be determine after retracement has been completed.
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)
Price Target for Bull Rally resumption will have yet to be determine after retracement has been completed.
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)
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Price target adjusted.
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Trade closed at $8,631.
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Consolidation time.
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Bull Pennant. Getting ready for another leg up.
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Or a rising wedge, getting ready to dump?
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Just be aware of the presence of the BEARISH divergence. Getting ready to dump.
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Bearish Divergence with an ascending channel, bearish.
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Descending Triangle
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Be aware that the price has been testing the upper descending resistance line of this descending triangle, could break out to the upside.
Only trade the break outs. Wait for confirmation of trend direction prior to putting in a trade.
Only trade the break outs. Wait for confirmation of trend direction prior to putting in a trade.
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BITCOIN DESCENDING TRIANGLE COMPLETE ON THE 30 MIN TIME FRAME
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Bull Flag could take price up to $9K
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