On the above 4-day chart price action has corrected 70% since the sell signal in November. Now is a excellent moment to be long. Why?
1) Price action and RSI resistance breakout.
2) Regular bullish divergence. Multiple oscillators are printing positive divergence with price action.
3) Price action tests past support that first printed 3 years ago.
Is it possible for price action to fall further? Sure. Is it probable? No.
Ww
Type: trade Risk: <=6% of portfolio Timeframe: Now Return: Awesome return. Will say elsewhere
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P's, remember the GRM support post for BTC pairs? Have a lookie for this one...
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might not feel like it but up 30% in the last 15 days
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Just to reiterate the above update, but you would have increased your Satoshi value by half in the last 30 days with this trade. It is important to remember that is the only purpose of this speculative game, increase the number of Bitcoins you hold. Have a plan, make it work..
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** Close swing trades this weekend **
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GRM support confirmed
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on support
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GRM support confirmed (again).
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The last thing you want to see if you're bear is price action entering a bear flag formation.
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A long from 27 cents would be good.
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The above comment remains true. Has a few asks, now the answer. Time for a cuppa.
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170% so far. Not long until target. Do you know what it is?
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Now up 600%.
Price action is fast approaching the bull flag extension. Use the exit liquidity provided by the AI hype train in the coming weeks to unwind long positions.
A long from 27 cents would be good. ... THought you said I will go to 0.27 first before heading up..
without_worries
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@Lucho2013, I never said it would go to 27. I said "A long from 27 cents would be good." This was only for the public idea. Those following my private idea know where the target is at. The also know, I hope, to ignore the day to day noise.
Mihai_Iacob
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You know your stuff!
ArtfulDodger1974
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@Mihai_Iacob, speaking of, pretty sure you were calling for XRP back into the 30s recently?
Major correction started now? seemed to hit your flagpole target and heading down.
without_worries
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@Dr_Baz, no sell signal yet. It is a common mistake by traders that flagpole extensions are also market pivot points. It is rarely true.
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Dr_Baz
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@without_worries, I see. Though there's a H&S on the 4hr of the USDT and BTC pairings.
markdb442
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sir where is a good re entry for fet? I'm think .27 area around the 50 EMA?
without_worries
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@markdb442, Normally I wait for a buy signal to print before studying a chart. Past resistance was at 24 cents. This should see a support test before further upside.