Great Money Monday, Traders!
Hope you find value from this post.
Here's a trading idea on this 4HR Time Frame Chart.
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 is still below the Red Extended Resistance Trend Line and the 21Day MA, and is now caught in a Horizontal Triangle.
Bitcoin breaking the Blue Support Bar and the Horizontal Triangle Support Trend Line could bring her down to the Fib Retracement Tool levels of:
50% = 42K
61.8% = 41,484
78.6% = 40,677
100% = 39,650
1.136 = 38,996
1.272 = 38,843
Bitcoin breaking out from this, Horizontal Triangle, to the upside could push price up to the Trend-Based Fib Extension Levels:
50% = 44,153
61.8% = 44,720
78.6% = 45,527
100% = 46,555
1.136 = 47,208
1.272 = 47,861
1.382 = 48,390
1.5 = 48,956
1.618 = 49,523
MACD (1Day TF): Bullish Divergence
Always remember to place your Stop Loss.
Price action is KING!
More power to all your trades, my friends!
Ron
Intrepid_Trader
Hope you find value from this post.
Here's a trading idea on this 4HR Time Frame Chart.
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 is still below the Red Extended Resistance Trend Line and the 21Day MA, and is now caught in a Horizontal Triangle.
Bitcoin breaking the Blue Support Bar and the Horizontal Triangle Support Trend Line could bring her down to the Fib Retracement Tool levels of:
50% = 42K
61.8% = 41,484
78.6% = 40,677
100% = 39,650
1.136 = 38,996
1.272 = 38,843
Bitcoin breaking out from this, Horizontal Triangle, to the upside could push price up to the Trend-Based Fib Extension Levels:
50% = 44,153
61.8% = 44,720
78.6% = 45,527
100% = 46,555
1.136 = 47,208
1.272 = 47,861
1.382 = 48,390
1.5 = 48,956
1.618 = 49,523
MACD (1Day TF): Bullish Divergence
Always remember to place your Stop Loss.
Price action is KING!
More power to all your trades, my friends!
Ron
Intrepid_Trader
