On the above 1-day chart a 70% correction in price action is shown since early April. A ‘incredible buy’ signal has just appeared on the overlay as the oscillators show a strong oversold condition.
Stochastic RSI is indicating an increase in momentum (purple circle - greed shaded area - look left) as MFI prints a higher low with the lower lower low in price action - bullish divergence.
Is it possible price action falls further? Sure.
Is it probable? Very unlikely - Risk / reward is excellent.
1st target 1100 sats.
Good luck!
WW
Trade active:
Bollinger bands squeezing together are an indication of a large move coming.
Trade active:
Get ready for a surprise. Price action makes an impulsive move to the upper side of he Bollinger band following the squeeze. Perfect.
Trade active:
Mouth opens following squeeze - love this signal.
Drake, we are leaving!
Drake, we are leaving!
Trade active:
Price action breaks resistance...
Trade active:
'incredible buy' confirms
Trade active
Trade active:
On the 2-day chart a 'incredible buy' prints with 7 oscillators printing bullish divergence AND higher lows in price action. So much win.
Trade active:
Resistance break out - now wait for support confirmation.
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