After a move up, follows a move down. So a retrace comes after the impulse.
On the chart above you can see that WINGSBTC already hit the 0.786 Fib. retracement support and is now trading above several lines.
MA200 (Black) worked as main support and price bounced after hitting this line.
Some and momentum is lacking, which is normal for a Sunday, but early signals are pointing to an upcoming strong move.
Conditions for change: If WINGSBTC is to remain above MA200, you can expect action in the near future.
If it breaks below, you can expect WINGSBTC to test the next support (below MA200).
Our trades are long term since we play "Patience is Key". So you won't be surprised to find that our WINGSBTC trade has been open since late 2018.
Here, meditation can help you see:
Thanks for hitting LIKE, see you soon my dear Kings & Queens!
Here is the daily chart: