On the above 3-day chart price action has corrected over 90% since the sell signal in May 2021. Now is an excellent moment to be bullish. First off a big shout out to @bL1TZZ for alerting me on this one.
Why bullish? There’s so much going on with this chart I could talk about it for an hours..
1) The ‘incredible buy’ signal prints.
2) Price action and RSI resistance breakout.
3) Bullish divergence. Lots of it. 9 oscillators are currently printing positive divergence. (Orange circles).
The Fractal -
4) Price action resistance broke out on March 17th. This happened 1 year ago exactly on March 17th 2021! What??
The dollar chart is just as bullish with a ‘incredible buy’ printing on the 5-day chart (below).
Is it possible for price action to fall further? For sure.
Is it probable? Very unlikely.
Target? 10x as before like last year.
Good luck!
Ww
PS: I’m not trading this, leave a comment below if you want an update.
5-day USD chart - “Incredible buy”
Trade active
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Price action has made a near 50% move since publishing a few days ago, fantastic. Expect some profit taking. The 12hr chart is printing a 'great sell' signal.
Look for support before going long.
Trade active
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The main chart in this idea had my indicator set to 'stocks' instead of 'crypto' and gave a false IB signal. Apologies!
This is the same chart but now set to 'Crypto'
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A bearish divergence might be forming as price action nears past resistance. Notice stochastic RSI turning red?
What’s your current take on this? I’m still showing a positive outlook but mine shows by end o of May.
Draig_Coch
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its all happening!
without_worries
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@Draig_Coch, It is, the quickening is almost upon us.
fomo_god
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it's now june 2022, so wen moon?
L157902
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Hello, Could you please update? I invested per yer suggestion, get some profits, but didn't sell to reach ultimate target by June. Hope we still have chance to reach the mentioned target?
partha108
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Can you chart req please?
without_worries
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@partha108, Higher highs higher lows, the trend is up. 10000% return since May 2020, be careful, that’s a huge return.
On the 3-day chart a bearish divergence is printing. Currently there is no ‘buy’ signal.
Gravestone DOJI on the monthly. This is a warning. There is signifiant amounts of selling pressure around that 40 cent area. Nothing could convince me to buy this.
Hello sir,,,please tell,,,Which crypto are you holding now?
without_worries
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@AshfaqurRahmanSarker, not telling ;) - I want my ideas to be as neutral as possible. 9 out of 10 Ideas published I have no position in. Usually that's because:
1) It is against my strategy - i.e. I limit the number of open positions at any one time. 2) Liquidity is not great enough for the position sizes my strategy requires me to open.