*Swing trade opportunity*
Why that price? No other reason than the golden ratio retracement. Previous corrections in price action has shown a lot of respect for the 0.618.
Why bearish? On the above 5—day chart Stochastic RSI is crossing down 80 (circled in orange) following an overbought condition (green column). Look left - don't ignore cross downs of the 80 on the 5-day chart.
Trade idea is void if price action breaks above $511
Why that price? No other reason than the golden ratio retracement. Previous corrections in price action has shown a lot of respect for the 0.618.
Why bearish? On the above 5—day chart Stochastic RSI is crossing down 80 (circled in orange) following an overbought condition (green column). Look left - don't ignore cross downs of the 80 on the 5-day chart.
Trade idea is void if price action breaks above $511
Trade active
Trade active:
Target now updated to $266
Facts of the chart can't be ignored.
Facts of the chart can't be ignored.
Trade closed: stop reached
Trade active
Trade closed: target reached:
At last.
RSI moves under 50 on the 5-day chart below with no 'oversold' condition apparent. If $196 fails; $140 and then $90 are the next targets to look for.
RSI moves under 50 on the 5-day chart below with no 'oversold' condition apparent. If $196 fails; $140 and then $90 are the next targets to look for.
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