On the above 2-day chart price action has corrected 90% since the sell signal back in July 2020 following a massive 5500% from the buy signal in January 2020. A number of reasons now exist to be bullish, including:
1) Really? You don’t see it?!
2) Price action has corrected to the 0.786 Fibonacci level, which is also support on past resistance. Look left.
3) Regular bullish divergence. Multiple oscillators are currently printing bullish divergence with price action. It is clearer to see on the 1-day USD chart below.
4) On 'what if' list.
Is it possible price action falls further? For sure.
Is it probable? Very unlikely.
Ww
1-day USD chart bullish divergence
Type: trade Risk: <=6% of portfolio Timeframe: 3 to 6 months Return: 20x
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These signals are fantastic.This is the 10-day dollar chart. What you now see is a hammer candle, they are a leading indicator of the momentum that is about to be seen over the coming weeks.
Unfortunately not alt-tokens are printing such candles. If I find the time..
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nudge nudge wink wink
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I don't try to time bottoms, but when I do...
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But when I do....
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Probably a good moment - Past resistance confirmed as support.
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Higher low on the golden pocket that also happens to be past resistance, perfect.
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Do you see? Did you see what printed??
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"Did you see?" now confirmed.
If you read those words on an idea I've updated, pay attention ;-)
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** Swing trade opportunity **
Do not ignore. Price action is well outside the Bollinger Band on the daily. Remember 95% of all candles trade inside the band, which is 1100 sats.
On the lower time frames a strong sell signal has printed. Look for support around 700 sats in the first instance or if you’re a Patron, wait for a new buy signal to print.
How bout now? look at that wick down! (Aug 18, 23')
msalamah
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Any thoughts on VGX and PLD? 👀
without_worries
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@msalamah, Both score very poorly. I only publish ideas that score 20 and above with 52 being the max. VGX and PLD are almost single digits.
msalamah
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Many thanks, appreciate it
msalamah
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Thanks for the update
Briveru
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Hi WW, Can you tell me were i can find this Stochastic RSI ? Thx
without_worries
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@Briveru, Click 'indicators' at the top of your chart and type in 'stochastic RSI'. The one I use in my ideas is developed by me and is only available to those that use Po3.
@Briveru, Power of probability, it is the indicator tool developed by myself that prints the buy / sell signals you see on my ideas.
without_worries
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@Briveru, Pick a token, any token you like I'll share a screen shot below to show you were the labels printed.. would it have had an impact on the choices you make?