Crypterium (CRPT) / BTC - Bullish divergence

On the above 10-day chart price action has corrected a whopping 95%. There’s a now a number of reason to be bullish following the ‘incredible buy’ signal. They include:

1) Regular bullish divergence between price action and the oscillators. In fact 6 oscillators are showing bullish divergence at this time (purple circled), look left.

2) On the 1-day chart (below) price action has made an impulsive move to the upper side of the Bollinger band following a cross up of the 10-day EMA through the 21-day EMA.

3) Price action is currently testing the golden ratio (0.618) following the break through to the upper half of the Bollinger Band, which is also the mean. Excellent.

Is it possible price action falls further? Sure.

Is it probable? Unlikely.

Good luck!

WW


Daily chart:

Trade active

Trade active:

50% might seem a lot since the above bullish divergence was observed, but if you zoom out you can hardly see it. This is just the beginning.

Trade active:

Not advice, but this would be a *golden moment* to go long. Look at the length of the bullish divergence..

Trade active:

Sellers return price action to support following a 3x move. Take advantage.