Bitcoin Caught In Another Horizontal Triangle
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Chart Contents
Bearish:
1. Horizontal Triangle Arising From A Down Trend - Technically Bearish
Bullish:
1. Bullish Divergence - Bullish
2. Stoch RSI In Oversold Condition - Bullish
Targets Based On Fibonacci Retracement For Bearish Targets, and Trend-Based Fibonacci Extension Tool For Bullish Targets
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). <<<<<
Ron (The Intrepid Trader)
Bearish:
1. Horizontal Triangle Arising From A Down Trend - Technically Bearish
Bullish:
1. Bullish Divergence - Bullish
2. Stoch RSI In Oversold Condition - Bullish
Targets Based On Fibonacci Retracement For Bearish Targets, and Trend-Based Fibonacci Extension Tool For Bullish Targets
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). <<<<<
Ron (The Intrepid Trader)
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