On the above 8-day chart price action has corrected 95% since the sell signal back in February 2021. A number of reasons now exist to be long, including:
1) You know why..
2) Price action and RSI resistance breakouts.
3) Strong bullish divergence between price action and the oscillators. Eight of them as measured over a 160 day period.
4) A double bottom on past support, excellent.
Is it possible price action continues to correct? Sure.
Is it probable? No
Ww
Type: Trade
Risk: 6%
Timeframe: A week or so, don’t wait for lower lows.
Return: Couldn’t say
1) You know why..
2) Price action and RSI resistance breakouts.
3) Strong bullish divergence between price action and the oscillators. Eight of them as measured over a 160 day period.
4) A double bottom on past support, excellent.
Is it possible price action continues to correct? Sure.
Is it probable? No
Ww
Type: Trade
Risk: 6%
Timeframe: A week or so, don’t wait for lower lows.
Return: Couldn’t say
Trade aktif:
support confirmed
Komentar:
excellent moment
Trade aktif
Trade aktif:
Resistance has failed. That's a good thing.
Komentar:
Past resistance confirmed as support.
Trade aktif:
Alt-season begins...
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR