Bitcoin - Continues To Be UNDERWATER!!!
Updated
Greeting from Deep South Texas!
Happy Bright Sunny Sunday Morning, Traders!
Hope you find value from this post.
If you did, please give it a 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.
==============================
TIMEFRAME: 1 WEEK
It is critical for price to go above the 120 EMA or higher than 27.6K and remain above that price to see any possibility of another bull run.
So currently, it's a waiting game.
If price continues to dip, we're more than likely going into an extended bear market toward the $22-20K level.
If price manages to go above its 120 EMA, we'd more than likely see price move up towards the red bar between 35K -36K.
If you're looking to accumulate Bitcoin, well then the way to do it would be to DCA (Dollar Cost Averge) in, buying as it gets cheaper and cheaper.
If you've already accumulated Bitcoin and just waiting for price to go above the 120 EMA or above $27.6K, HODLing would be the strategy if you're in it for the midterm to long term, and selling now would be defying a strategy for staying for the long haul or even for just the midterm until price hits another major resistance resulting to another retracement prior to the major bull run.
So, hope you are able to find some ideas for your strategy here.
Remember...
No emotions, stick to your rules.
For lower time frames, check out my other posts.
Price action is always KING!
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
Happy Bright Sunny Sunday Morning, Traders!
Hope you find value from this post.
If you did, please give it a 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.
==============================
TIMEFRAME: 1 WEEK
It is critical for price to go above the 120 EMA or higher than 27.6K and remain above that price to see any possibility of another bull run.
So currently, it's a waiting game.
If price continues to dip, we're more than likely going into an extended bear market toward the $22-20K level.
If price manages to go above its 120 EMA, we'd more than likely see price move up towards the red bar between 35K -36K.
If you're looking to accumulate Bitcoin, well then the way to do it would be to DCA (Dollar Cost Averge) in, buying as it gets cheaper and cheaper.
If you've already accumulated Bitcoin and just waiting for price to go above the 120 EMA or above $27.6K, HODLing would be the strategy if you're in it for the midterm to long term, and selling now would be defying a strategy for staying for the long haul or even for just the midterm until price hits another major resistance resulting to another retracement prior to the major bull run.
So, hope you are able to find some ideas for your strategy here.
Remember...
No emotions, stick to your rules.
For lower time frames, check out my other posts.
Price action is always KING!
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
Note
Bitcoin moving up towards the resistance of this rising wedge.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.