On the above 4-day chart price action has corrected over 90% since 2021. A number of reasons now exist to be long, including:
1) Price action and RSI resistance breakouts.
2) Price action confirms support on past resistance (grey bar).
3) The falling wedge pattern forecasts a move to the $200 area.
Is it possible price action corrects further? Sure.
is it probable? No.
Ww
Type: trade
Risk: <=6%
Timeframe for long: This month
Return: 300%
1) Price action and RSI resistance breakouts.
2) Price action confirms support on past resistance (grey bar).
3) The falling wedge pattern forecasts a move to the $200 area.
Is it possible price action corrects further? Sure.
is it probable? No.
Ww
Type: trade
Risk: <=6%
Timeframe for long: This month
Return: 300%
Trade active:
Weekly GRM support confirmed.
Comment:
Past resistance confirms support.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR