Following an overbought period on the above 1-day chart (green column) price action is now showing bearish divergence (Higher highs in price action in sync with lower highs in the oscillators). Is there more upside? Possibly. Is the risk to reward worth it? Absolutely not. The 4-day chart below shows the same overbought conditions. Time to take profits.
Healthy bull markets in the crypto worth test the 21-week moving average now and again, currently we're 75% away (blue line), expecting $2 to be tested between now and mid-October.
Healthy bull markets in the crypto worth test the 21-week moving average now and again, currently we're 75% away (blue line), expecting $2 to be tested between now and mid-October.
Comment:
Did not quite catch the top, but rather profits were saved, otherwise we'd be down 25% already. The daily chart below indicates it is downward and onward from now on until at least the end of the month.
Trade active:
Two targets to watch for:
$2.80
$1.40
Not expecting a recovery until around mid-November / early December.
$2.80
$1.40
Not expecting a recovery until around mid-November / early December.
Trade active:
almost halfway
Comment:
-50% so far, another 25% to first target.
Comment:
A new month a new chart. Monthly price action crosses down the 80, this is very bearish going forward. All that can be down is wait until the next month. The above targets remain valid in my opinion.
Trade active:
Down 63% so far. $2 would be a excellent place to close this trade, there's a lot of support here according to the 10-day chart below.
Trade closed manually
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
