Bitcoin - Headed For Its 12MA! What's Happening Next?
Happy Hump Day, 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.
==============================
Bitcoin dipped down to $33,060 two days ago and has since rallied back up.
Bitcoin is now poised to meet up with its 12MA AND THE $39,650 resistance.
Bitcoin will either...
A. Get rejected and gets pushed back down. Targets would be the 50% Fib @ $36,064 and the previous support at $33,060.
Any further push downwards could bring Bitcoin towards the Blue Horizontal Support Bar (Golden Pocket) @ $28,291 down to $26,183
B. Meet up with the 12MA and consolidate (go sideways towards the Red Resistance Trend Line.
C. Push up past the 12MA and Red Resistance Trend Line towards the next Key Resistance Level at $42,333
MACD: Bullish Divergence
Stoch RSI: Momentum Directed Upwards.
Price action is KING!
Always remember to place your Stop Loss.
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.
==============================
Bitcoin dipped down to $33,060 two days ago and has since rallied back up.
Bitcoin is now poised to meet up with its 12MA AND THE $39,650 resistance.
Bitcoin will either...
A. Get rejected and gets pushed back down. Targets would be the 50% Fib @ $36,064 and the previous support at $33,060.
Any further push downwards could bring Bitcoin towards the Blue Horizontal Support Bar (Golden Pocket) @ $28,291 down to $26,183
B. Meet up with the 12MA and consolidate (go sideways towards the Red Resistance Trend Line.
C. Push up past the 12MA and Red Resistance Trend Line towards the next Key Resistance Level at $42,333
MACD: Bullish Divergence
Stoch RSI: Momentum Directed Upwards.
Price action is KING!
Always remember to place your Stop Loss.
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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