Bitcoin has now created a Bear Flag.
If Bitcoin Decides To Drop One More Time, Price May Find Support At $7.5K to $7.4K Levels reached by a red candle wick.
The red candle body may pullback and close at $7.6K - $7.7K eventually creating a bullish divergence with the RSI.
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.
Consider leaving a like after viewing my post, and click on Follow to receive my latest and updated posts.
Ron (The Intrepid Trader)
If Bitcoin Decides To Drop One More Time, Price May Find Support At $7.5K to $7.4K Levels reached by a red candle wick.
The red candle body may pullback and close at $7.6K - $7.7K eventually creating a bullish divergence with the RSI.
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.
Consider leaving a like after viewing my post, and click on Follow to receive my latest and updated posts.
Ron (The Intrepid Trader)
Commento:
Will the price continue to pull back up?
If it does, here's how this may look like.