On the above 2-day chart price action has corrected 90% since the sell signal last August. A number of reasons now exist to be bullish, including:
1) The ‘incredible buy’ signal.
2) Regular bullish divergence. Multiple oscillators are printing positive divergence with price action. A very similar picture on the 2-day BTC pair (below).
3) RSI resistance breakout.
4) Price action is now testing a trend line of significant historical support and resistance.
Is it possible for price action to fall further? For sure.
Is it probable? Very unlikely.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: 3 - 8 month
Return: Somewhere between $10-15
BTC pair
1) The ‘incredible buy’ signal.
2) Regular bullish divergence. Multiple oscillators are printing positive divergence with price action. A very similar picture on the 2-day BTC pair (below).
3) RSI resistance breakout.
4) Price action is now testing a trend line of significant historical support and resistance.
Is it possible for price action to fall further? For sure.
Is it probable? Very unlikely.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: 3 - 8 month
Return: Somewhere between $10-15
BTC pair
Comment:
PS: This one is on the 'what if' list.
BTC
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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