Bitcoin - BULL FLAG
Zaktualizowano
Happy Fun Friday, 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.
==============================
This is going to be a great start of the weekend!
Let's Get Started.
Chart Timeframe: 1 Day
Char Pattern: Bull Flag. Technically speaking, Bull Flags arising from a bullish trend /momentum is a continuation pattern majority of the time, but it still has a lesser probability that would price would result to a reversal.
Local Trend: Upwards
Weekly Trend: Upwards
All Time Trend: Upwards
Price Action: On March 10, price respected the 200MA as support (strong bullish sign) and now currently staying above the RED 200MA.
Bull Flag Breakout Price Target: 33K up to 33.4K
Support Price Targets: 26.6K
RSI: Bullish Territory
Never let your guard down.
Always remember to place your Stop Loss.
And watch out for stop-hunting bots, they can liquidate stops and once they've taken out those stops will allow price to continue on its merry little way.
Price action is 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
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.
==============================
This is going to be a great start of the weekend!
Let's Get Started.
Chart Timeframe: 1 Day
Char Pattern: Bull Flag. Technically speaking, Bull Flags arising from a bullish trend /momentum is a continuation pattern majority of the time, but it still has a lesser probability that would price would result to a reversal.
Local Trend: Upwards
Weekly Trend: Upwards
All Time Trend: Upwards
Price Action: On March 10, price respected the 200MA as support (strong bullish sign) and now currently staying above the RED 200MA.
Bull Flag Breakout Price Target: 33K up to 33.4K
Support Price Targets: 26.6K
RSI: Bullish Territory
Never let your guard down.
Always remember to place your Stop Loss.
And watch out for stop-hunting bots, they can liquidate stops and once they've taken out those stops will allow price to continue on its merry little way.
Price action is 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
Uwaga
4 HR CHART
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