On the above 6-day chart price action has corrected 92% since November 2021 @ 70 cents. A number of reasons now exist to be long, including:
1) Price action and RSI resistance breakouts.
2) Strong bullish divergence as measured over 60 days. 8 oscillators print positive divergence with price action.
3) Look left (orange line, best seen on 2-day chart) price action prints on historical support.
4) The macro bull flag forecasts a first wave target of 30 cents.
Is it possible price action could fall further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: act now
Return: 400%
1) Price action and RSI resistance breakouts.
2) Strong bullish divergence as measured over 60 days. 8 oscillators print positive divergence with price action.
3) Look left (orange line, best seen on 2-day chart) price action prints on historical support.
4) The macro bull flag forecasts a first wave target of 30 cents.
Is it possible price action could fall further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: act now
Return: 400%
Trade active
Comment:
Back up truck and scoop up the scraps from those still selling after a 90% correction. GRM support is currently under test.
Trade active:
support confirmed
Trade active:
GRM support has now confirmed
Comment:
45% so far
Comment:
possible swing trade, is overbought
Daily
Daily
Comment:
100% in a little over two months.
Comment:
140%.
A high probability confirmation, don't ignore it. Notice how many long ideas are now published on tradingview.com, after the move. Remember 90% of the folks in this game lose money, this is why.
2-day chart
A high probability confirmation, don't ignore it. Notice how many long ideas are now published on tradingview.com, after the move. Remember 90% of the folks in this game lose money, this is why.
2-day chart
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