without_worries

Balancer BAL vs USD / BTC / ETH

Long
COINBASE:BALUSD   Balancer / United States Dollar
A opportunity now exists following a 80% correction since early May. A higher low in price action and the oscillators follow a ‘incredible buy’ condition (orange columns).

The situation on the BTC and ETH charts is remarkably similar (below). A higher low is printed following a ‘incredible buy’ condition with price action now finding support on the 786 Golden ratio. This price level is also past support - look left.
A asset that is bullish across all three pairs is not to be ignored.

A buy from $17.30 is amazing.

Good luck!

WW

1-day BTC chart:



1-day ETH chart:

Trade active: Expect resistance around $32
Trade active: As expected, resistance @ $32 hit price action like an out of control freight train.

Price action is now on support. A buy from anything <$26 is excellent, but don't try and time it - never works.
Trade active: All aboard? Departure shall begin soon...

Notice the fractal (circled in purple) last the Gaussian channel turned to green?

Good to stay long until RSI support fails, which is projected to occur by late December.

Trade active: Currently 11 oscillators are showing bullish divergence with price action! (purple circles).

Comment: volume - lots of it, I don't know why..

Trade active: The resistance as $32 certainly held but don't expect that to happen again.

If you can ignore the fear... price action is currently on the 618 golden ratio within a falling wedge patterned *wait for confirmation* A close of $23 is a signal to go long to $42.

Comment: If price action falls below $17 it will be a break of market structure. Close it and move on.
Trade active
Trade active: 11 oscillators printing bullish divergence with price action at this moment with 'incredible buy' on the 1-day BTC chart. Look left.

Trade active
Trade active: Daily dollar chart on the left, 2-day BTC pair on the right.

On the dollar chart price action prints an ‘incredible buy’.

On the 2-day BTC chart a higher low prints following a bullish divergence. Excellent.

Trade active: One of the very few alt-tokens that has managed to drag its price action above the 200-day SMA

Confirmation of support on $16 will result in a move to the next resistance, $36.



https://www.patreon.com/withoutworries

BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

ETH
0x9f9b2d80747ac09d2d7bb63761e10b9a9738df52

Allow 3-6 months on ideas. Not investment advice. DYOR
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