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without_worries
Jul 13, 2023 8:37 PM

Civic (CVC) Long

BINANCE:CVCUSDT4D
Civic / TetherUSBinance

Description

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On the above 4-day chart price action has corrected 90% since the sell signal in February 2021. A number of reasons now exist to be long, including:

1) You know why..

2) Price action and RSI resistance breakouts.

3) Strong positive oscillator divergence with price action. Multiple oscillators currently print bullish divergence with price action over 136 days.

4) Point (3) prints on the golden ratio, which is also past support. Look left.

Is it possible price action corrects further? Sure.
Is it probable? no.

Ww

Type: trade
Risk: 6%
Timeframe: 1-2 weeks to open
Return: will say somewhere else

Trade active

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When I say 'This would be an excellent moment', it is not hyperbole.

If my hints get any heavier I'll flatten my feet.

Comment

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on support

Trade active

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Support confirmed.

Special notice to P's... we've just discussed this, you know what happens next.

Order cancelled

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Will close this one for the moment. Market structure appears to have broken.

Should price action recover to 0.085 and above, structure held, otherwise...

Trade active

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Price action recovered. GRM support confirmed.

Comment

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Past resistance confirms support. Don't be a seller, it'll hurt.

Comment

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Which one of you tried to sell into momentum? Fess up...

Comment

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now

Trade active

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If a seller will give it to your at 0.1275, take it. The next stop 200% above at 40 cents.

Comment

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Warm thanks to the sellers per last update, up 110% since then.

Comment

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scalping opportunity
170% in six days


1hr

Comment

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Did you close the scalp?

Trade active

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FibonacciMultiple Time Frame AnalysisOscillators
Comments
without_worries
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'CFX', that was the last token I saw that printed a reversal signal like this on the BTC pair. Today it is CVC.

kevinramige
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So what now. 😂
without_worries
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@kevinramige, last 30 days on the 2hr
scarpettaoldlyme
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No .
bull market Is on , what's the point on closing now if this thing could go to 2-3$?
jinithsj
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kindly give some inputs on gold!??
without_worries
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@jinithsj, Already did somewhere else. It is not as bullish as the gold bugs are singing about from every rooftop.

jinithsj
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@without_worries some people calling for 2500$ & above!?
jinithsj
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there is big bearish divergences on higher tf's but the price just keeps pushing up though! the inverse corelation with dxy is also fad as last week both went up simultaneously!!
without_worries
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@jinithsj, "It is a new gold bull market!" So they say whilst ignoring the near 10x return since 2001. Or indeed the miner cost for recovering an ounce from the ground, $850 at the moment.

The daily chart currently is printing a high probability signal. Is this time different?

jinithsj
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@without_worries i feel if we retest 2100$ around it would be a bargain! lets hope for the best!😉
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