On the above 5-day chart price action has corrected 98%. A number of reasons now exist to be long. They include:
1) Price action and RSI resistance breakouts.
2) Regular bullish divergence over a extended period.
3) The falling wedge breakout with target as measured from high to low touch points (blue circles).
4) A few other reasons, especially on the higher time frames.
Is it possible price action corrects further? Sure. Even after a 98% correction sellers are still selling, that takes a special mindset ;-)
Is it probable? No.
Ww
Type: trade
Risk: <=6%
Timeframe for executing long: This month
Return: 3000%
1) Price action and RSI resistance breakouts.
2) Regular bullish divergence over a extended period.
3) The falling wedge breakout with target as measured from high to low touch points (blue circles).
4) A few other reasons, especially on the higher time frames.
Is it possible price action corrects further? Sure. Even after a 98% correction sellers are still selling, that takes a special mindset ;-)
Is it probable? No.
Ww
Type: trade
Risk: <=6%
Timeframe for executing long: This month
Return: 3000%
Trade active
Comment:
50% so far...
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