On the above 1-day chart price action has corrected almost 90% since late November. A number of reasons now exist to be long, including:
1) The ‘incredible buy’ signal.
2) Trend reversal. Higher highs and lower highs in both price action and RSI.
3) Price action is currently confirming support on the Golden ratio.
4) The 2-day BTC pair (below). If you’ve been paying attention to my publications those past 24 hours - wink wink nudge nudge.
Is it possible price action falls further? For sure.
Is it probable? No.
Good luck!
Ww
2-day BTC pair
Timeframe: hold it and forget it for at least 3 months to 1 year. Return: 10x minimum. Risk: Not more than 6% of trading portfolio.
Trade active
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Comment
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Considerable amount of volume pouring into this token over the month of June. Bullish divergence is evident with the 2-day BTC pair confirming 'what if' conditions. All good.
GRM claimed 😱 where she heading, north of the border 😂
jmalique90
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@without_worries sorry to bother you bro, you haven't updated this one in a while lol i think something is going on with it. bullish divergence? lol can you update if possible, please and thank you!
without_worries
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@jmalique90, Am not trading it, updates will not happen if I'm not asked. This one is doing fine, got to look at the BTC chart pairs while Bitcoin is all over the place. The 2-day chart below is perfect. Wait for a sell signal now. You can rent the tool so you can watch for it printing or ask me again months down the line.
jmalique90
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@without_worries, thanks! me and my friend definitely want to rent the tool but a little later on down the line. first we want to better understand the fundamentals, charts, patterns, etc.... I really appreciate your help and will let u know when we decide to rent it! and I am always willing to learn so if you have any other ideas/suggestions/advice, I'm all ears! thanks again bro
without_worries
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@jmalique90, Have been studying probability theory for the past 20 years now ;-) Studied for my masters in probability theory and stochastic processes. A course that focuses of probability theory is a good starting point, that's all we care about in this business, What is probable, not what is possible.
yarasphoen
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"wink wink nudge nudge" - just caught myself thinking of monty python...