On the above 5-day (left) and weekly charts price action has collapsed over 90%, respectively. USD pair on the left, BTC pair on the right. Now is an excellent time to be long. Why?
1) The ‘incredible buy’ signal prints. Remember the time frames here, this is excellent on this scale.
2) Both price action and RSI resistance breakouts. On both pairs.
3) Regular bullish divergence. Lots of it. 10 oscillators are currently printing bullish divergence.
4) Volume following capitulation. Excellent. The tall red capitulation candles indicate sellers that had to get out at any price. Then you see the green candles, the 5% coming in.
Is it possible price action falls further? Sure.
Is it probable? 10% technically speaking.
1st target $1.90
Good luck!
Ww
1) The ‘incredible buy’ signal prints. Remember the time frames here, this is excellent on this scale.
2) Both price action and RSI resistance breakouts. On both pairs.
3) Regular bullish divergence. Lots of it. 10 oscillators are currently printing bullish divergence.
4) Volume following capitulation. Excellent. The tall red capitulation candles indicate sellers that had to get out at any price. Then you see the green candles, the 5% coming in.
Is it possible price action falls further? Sure.
Is it probable? 10% technically speaking.
1st target $1.90
Good luck!
Ww
Trade active
Comment:
If the break of market structure is confirmed as is currently shown on the 1-day chart below price action should then move to the 90 cent area sooner than late.
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Comment:
support on past resistance confirmed
Trade active:
Might be a good moment
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Trade active:
RSI resistance breakout + IB signal on 2-day chart
Trade active:
You'll not get a better moment than this.
Comment:
Do you see the Dragonfly DOJI on the 5-day chart BTC pair?
Trade active
BTC
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Allow 3-6 months on ideas. Not investment advice. DYOR
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Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Two targets to look out for:
1st $1.90
2nd $4.40 to 6.40