BQXBTC Equilibrium| .618 Fibonacci| Break Imminent| Trade Setup
Hello Traders!,
Today’s update will be on BQXBTC, a clear equilibrium playing out after an initial bull move topping out, leaving a probable trade setup.
Points to consider,
- Equilibrium at apex
- Price holding .618 Fibonacci (support)
- .50 Fibonacci as resistance
- EMA’s neutral
- RSI in equilibrium
- Stochastics projected downwards
- Low volume
BQXBTC is trading right into its apex, a breakout is upon fruition with a higher probability of breaking bullish as local support held true. This support level is in confluence with the Fibonacci retracement (.618 Level), signalling a strong potential base.
The EMA’s are currently neutral, not a clear metric to determine if support or resistance as of now. The RSI is also travelling into its apex, signalling a move is imminent at any current given time.
Volume has been clearly dry, important to note as an influx will be required when BQX leaves this current equilibrium.
An entry is valid on the .618 Fibonacci level with a stop loss just under previous higher low.
What are your thoughts?
Please leave a like and comment,
And remember,
“Genuine acceptance that there will be losses on your way to market success will greatly decrease the hurt when they eventually come.”
Today’s update will be on BQXBTC, a clear equilibrium playing out after an initial bull move topping out, leaving a probable trade setup.
Points to consider,
- Equilibrium at apex
- Price holding .618 Fibonacci (support)
- .50 Fibonacci as resistance
- EMA’s neutral
- RSI in equilibrium
- Stochastics projected downwards
- Low volume
BQXBTC is trading right into its apex, a breakout is upon fruition with a higher probability of breaking bullish as local support held true. This support level is in confluence with the Fibonacci retracement (.618 Level), signalling a strong potential base.
The EMA’s are currently neutral, not a clear metric to determine if support or resistance as of now. The RSI is also travelling into its apex, signalling a move is imminent at any current given time.
Volume has been clearly dry, important to note as an influx will be required when BQX leaves this current equilibrium.
An entry is valid on the .618 Fibonacci level with a stop loss just under previous higher low.
What are your thoughts?
Please leave a like and comment,
And remember,
“Genuine acceptance that there will be losses on your way to market success will greatly decrease the hurt when they eventually come.”