On the above 1-day a ‘incredible buy’ signal was printed in late July following a near 70% correction in price action. A number of reasons now exist to be bullish, including:
1) Price action resistance breakout.
2) A higher high has broken up the last lower high. The reversal is now confirmed following the consolidation period.
3) On the weekly chart (below) Stochastic RSI just crossed up 50 (purple circles), this is hugely bullish - look left at past events with price action !!
4) On the same weekly chart price action closes above the 21-weekly (yellow line) and 50-weekly EMA.
Is it possible price action falls further? Sure.
Is it probable? Very unlikely - Look left.
1st target: 7k sats
Good luck!
WW
1) Price action resistance breakout.
2) A higher high has broken up the last lower high. The reversal is now confirmed following the consolidation period.
3) On the weekly chart (below) Stochastic RSI just crossed up 50 (purple circles), this is hugely bullish - look left at past events with price action !!
4) On the same weekly chart price action closes above the 21-weekly (yellow line) and 50-weekly EMA.
Is it possible price action falls further? Sure.
Is it probable? Very unlikely - Look left.
1st target: 7k sats
Good luck!
WW
Trade active:
Price action confirms support on the first golden, very good to go.
Trade closed: stop reached
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