On the above weekly chart price action has corrected 50%. A number of reasons now exist to be long, including:
1) RSI resistance breakout.
2) Regular bullish divergence. Measured over 2-months.
3) A Double bottom prints.
3) Price action prints on the 100-week RMA with the divergence. Look left.
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: 6%
Timeframe for long: A week or two.
Return: 50% minimum
Stopless: 94
1) RSI resistance breakout.
2) Regular bullish divergence. Measured over 2-months.
3) A Double bottom prints.
3) Price action prints on the 100-week RMA with the divergence. Look left.
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: 6%
Timeframe for long: A week or two.
Return: 50% minimum
Stopless: 94
Trade active:
Past resistance confirms support.
Up around 10% so far, 40% to go. Although a move to 250 seems probable.
Up around 10% so far, 40% to go. Although a move to 250 seems probable.
Comment:
25% so far, 25% to go.
Comment:
30%. Expect resistance around $50
Comment:
Correction, expect resistance around 150 not 50. Although consider sellers are exhausted, resistance could be weak.
Comment:
Long again from 130.
Got a near identical trade, will share...
Got a near identical trade, will share...
Trade active
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