On the above weekly chart price action has increased 200% since the year began. A few reasons now exist to be short. They include:
1) Price action and RSI support breakouts.
2) Price action confirms the 2nd bear flag with the *complete* weekly candle closing outside the flag.
3) The 2nd bear flag forecasts a 2 cent target / 50% correction from current levels.
4) A majority of tradingview.com ideas are long.
Is it possible price action continues higher? Sure.
Is it probable? no.
Ww
1) Price action and RSI support breakouts.
2) Price action confirms the 2nd bear flag with the *complete* weekly candle closing outside the flag.
3) The 2nd bear flag forecasts a 2 cent target / 50% correction from current levels.
4) A majority of tradingview.com ideas are long.
Is it possible price action continues higher? Sure.
Is it probable? no.
Ww
Trade closed manually:
closed for the moment. Is more bullish than bearish near term.
Comment:
Can't be bothered to write a long idea... it would seem a 200% move to the upside is about to print.
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
Don't know how or why some alts can look amazingly bullish and others... this next cycle is not going to be equal for alts.
2-day