Opportunities on alt-tokens everywhere at the moment..
On the above daily charts (USD left side, BTC pair on right) price action has collapsed 80% and 70%, respectively. Now is an excellent time to be bullish, why?
1) Both USD and BTC pair print ‘incredible buy’.
2) Did I mention price action is down 80%?
3) Multiple oscillators printing bullish divergence (pink highlights).
4) Price action is way outside the Bollinger Bands. Remember 95% of all price action trades around the mean. Currently the mean is 40% above on the USD chart!
Is it possible price action falls further? For sure.
Is it probable? No, not after 80%. Risk / reward is excellent. 1st resistance is 70% above, fantastic.
Not in this trade so message below for updates.
Good luck!
WW
On the above daily charts (USD left side, BTC pair on right) price action has collapsed 80% and 70%, respectively. Now is an excellent time to be bullish, why?
1) Both USD and BTC pair print ‘incredible buy’.
2) Did I mention price action is down 80%?
3) Multiple oscillators printing bullish divergence (pink highlights).
4) Price action is way outside the Bollinger Bands. Remember 95% of all price action trades around the mean. Currently the mean is 40% above on the USD chart!
Is it possible price action falls further? For sure.
Is it probable? No, not after 80%. Risk / reward is excellent. 1st resistance is 70% above, fantastic.
Not in this trade so message below for updates.
Good luck!
WW
Trade active
70% to first resistance.Trade active
Many oscillators are now printing bullish divergence on the daily chart:Trade active
Both USD and BTC pairs on the 2-day chart print 'incredible buy'. A good opportunity to add preexisting long positions. A 10x to last November's high should be expected from current price action.Trade active
3-day chart for both USD and BTC pairs now print 'incredible buy'.Not paying too much attention to this one but ask me below for an update, would expect a 10x move to the previous high in the not too distant future. If that happens, take profits, don't sit on it believing this is the next big thing.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.