On the above 12 day chart price action has corrected over 90% since early 2021. Now is an excellent moment for a long position. Why?
1) Price action and RSI resistance breakouts.
2) Regular bullish divergence.
3) Support on past resistance. See 1 month chart below.
Is it possible price action drops further? Sure.
Is it probable? No.
Ww
Type: Trade
Risk: 3% or less
Timeframe for long: This month
Return: Over 1000%
Monthly chart
1) Price action and RSI resistance breakouts.
2) Regular bullish divergence.
3) Support on past resistance. See 1 month chart below.
Is it possible price action drops further? Sure.
Is it probable? No.
Ww
Type: Trade
Risk: 3% or less
Timeframe for long: This month
Return: Over 1000%
Monthly chart
Trade active
January 19th, 2021That is the date the downtrend resistance confirmed.
August 21st, 2024
This is the date the downtrend resistance was broken!
Note
50% return so far. Would you believe there is over 2000% to go?Note
Support confirmed... 
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.