Centra seems to rally when BTC is dipping so as BTC starts approaching the 8/9k range we should see a small run up towards the resistance lines.
Probably won't break through but should be a nice gain from current price of 14,800 sats.
Target here is the ascending purple resistance line meeting the green triangle descending arm which is circled about 21,476 sats.
So hopefully a nice 45-50% profit before we bounce back down to bottom of the green triangle. And then shoot back up towards 25K satoshis.
I'm pretty new to this so please don't take this as financial advice because it is NOT financial advice.
A larger breakout will (likely) occur as we go further down the green triangle after testing support at the bottom of the green triangle. I will update this idea as it evolves.
Probably won't break through but should be a nice gain from current price of 14,800 sats.
Target here is the ascending purple resistance line meeting the green triangle descending arm which is circled about 21,476 sats.
So hopefully a nice 45-50% profit before we bounce back down to bottom of the green triangle. And then shoot back up towards 25K satoshis.
I'm pretty new to this so please don't take this as financial advice because it is NOT financial advice.
A larger breakout will (likely) occur as we go further down the green triangle after testing support at the bottom of the green triangle. I will update this idea as it evolves.
Trade active:
looks like a bullish wick has formed at the bottom of the triangle on the 1,2 and 4 hour charts. This is also known as a candlestick 'hammer', signalling a bullish trend reversal.
Let's see if this gets the ball rolling for a nice bounce upwards...
Let's see if this gets the ball rolling for a nice bounce upwards...