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:
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Expect resistance around $32
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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.
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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.
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Currently 11 oscillators are showing bullish divergence with price action! (purple circles).
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volume - lots of it, I don't know why..
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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.
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If price action falls below $17 it will be a break of market structure. Close it and move on.
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11 oscillators printing bullish divergence with price action at this moment with 'incredible buy' on the 1-day BTC chart. Look left.
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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.
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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.