If Bitcoin price should continue to push upwards from this Bull Flag, the target should be at $8,592.
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)
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)
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Support Level Being Tested
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Breaking the resistance line of the descending channel will fulfill the bull flag.
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Price now moving towards the bottom line of the descending channel, piercing the Golden 618 Fib Level.
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Price Must Stay Above The Golden Ratio Level To Expect Further Price Ascension And Fulfill The Bull Flag
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Price now moving upwards to fulfill the Bull Flag.
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Retracement
Remember to only trade breakouts with confirmation of price direction before trading.