Bitcoin Bulls VS Bears

Тема в разделе "English", создана пользователем Trading Ideas, 4 окт 2019.

  1. Trading Ideas

    Trading Ideas Участник

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    3571642-cPM1_mid.png
    Bitcoin Bulls VS Bears
    BTC/USD COINBASE:BTCUSD
    RSibayan
    VR4tNjkr_mid.png
    Bulls have in their arsenal the Falling Wedge .
    Bears have already established the huge Bear Flag .

    The big reveal will happen before the day ends and dictate what happens during the weekend and the coming week.

    The falling wedge has a Bullish Divergence coinciding with the RSI on this chart, although it's may still form the second one and confirm a breakout to the upside.

    If the price decides to breakout to the upside the target will be up towards the level at the base of this falling wedge at $8,533.29

    Downside breakout target is $7.5K - $7,450.



    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)
     
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