alanmasters
Long

Waves High Volume Bounce (60%+ Possible)

BINANCE:WAVESBTC   Waves / Bitcoin
Waves had a massive run by the end of 2018, but started the year in full negative and retraced for a long 113 days.

Right now I am seeing some massive bullish action.

WAVESBTC is printing its highest volume bar since January, and it will likely close highest since last years bull run.

The bounce is happening after breaking below MA200, very strong support.

The RSI hit deep oversold and is now trending up.

I also find it interesting that Waves decided to move today that Bitcoin is moving down...

There is good potential for a strong bounce here. Remember to use a stop loss if you decide to trade this chart.

All content shared from Alan Masters is exclusive for learning, educational and entertainment purposes only.

Thanks a lot for reading.

Feel free to hit like to show your support.
(Direction and targets on the chart).

Namaste.
Comment: Support is forming around the current price area. If WAVES repeats a similar move as to back in December, it can produce really nice gains. It can move late this month or early next one:
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Hi Alan, what do you think of wavesbtc in current setting, it seems it continued deep southward, do you see any bounce in perspective ?
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kaskassa kaskassa
@alanmasters, Hi Alan, what do you think of wavesbtc in current setting, it seems it continued deep southward, do you see any bounce in perspective ?
Reply
@kaskassa, Looking quite bearish, might end soon.
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Waves came right down into my buy zone


Reply
anonycoin anonycoin
@anonycoin, sorry obsolete...
Reply
it‘s funny how you always publish your „analysis“ right after significant price movements and be like „this will either go up or down bit huuuuuuuuug profit potential“. you‘re the reason why im sick of tradingview for a few months now. namaste my ass
+3 Reply
WRONG! 15 cent drop since your call. Not going anywhere with correcting alt market .
Reply
linas1211 MosaicExchange
@MosaicExchange, his call is still in play
Reply
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