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?
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
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70% to first resistance.
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Many oscillators are now printing bullish divergence on the daily chart:
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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.
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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.