Upside Target: $8,080 - $8,246
Downside Target: $7,166 @ 61.6 Golden Ratio Fibonacci to $6,850 - $6,673
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Watch out for STOPS-HUNTING BOTS!!!!
*** Trades should not be placed based upon what you see here! Do your own research and manage your own risk.
Only trade the breakouts to be safe and not be sorry. Wait for confirmation of price direction prior to putting in your trade.
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 wrecked with 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. Be courteous.
Consider leaving a like after viewing my post, and click on Follow to receive my latest and updated posts.
More Power To All Your Trades,
Ron (The Intrepid Trader)
Downside Target: $7,166 @ 61.6 Golden Ratio Fibonacci to $6,850 - $6,673
===============================
Watch out for STOPS-HUNTING BOTS!!!!
*** Trades should not be placed based upon what you see here! Do your own research and manage your own risk.
Only trade the breakouts to be safe and not be sorry. Wait for confirmation of price direction prior to putting in your trade.
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 wrecked with 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. Be courteous.
Consider leaving a like after viewing my post, and click on Follow to receive my latest and updated posts.
More Power To All Your Trades,
Ron (The Intrepid Trader)
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Moving upwards now.
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Price now reached 120 EMA, will it break through beyond this EMA or will price get rejected.
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Price above the 20EMA and 200EMA, strong bullish price action.
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Price may come down to re-test support @ $7632.
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Bitcoin Now In Support Re-Test Phase
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RE-TEST ZONES
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Support found at $7686
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Potential 3.32% gains on Long.
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Watching the 20 Day MA, this resistance may be re-tested and can push price further down if the Bulls don't get above it and close the day with a green candle.
Price may wick up all the way the the 38.2% Fib and then reverse back down.
Price may wick up all the way the the 38.2% Fib and then reverse back down.
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4 Hour Chart
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1 Hour Chart
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Will The Support Level Hold and Reverse Price Back Up or Will It Fail?
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Finding The Support Level.
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$7,166 @ 61.8% Golden Ratio Fibonacci Reached
