I am a little conflicted about this one, but if we factor the weekly Stoch Oscillator out, the chart is demonstrating a very nice inverse H&S. If that is indeed what I am seeing, then $0.45 -- $0.60 should be only a few weeks away.
Comment:
We're looking at a 30-day trade, with ~50% profit. Stop-loss is set at -%15 (slightly lower than the red support)
Trade active:
Trade on-going. Missed the stop loss by 3/10 of a cent.
Comment:
Nothing makes sense anymore. Clear signs of manipulation. We should expect an explosive pump before the BTC halving. This happened back in 2017 before the bull-run. If you are not an experienced trader, I would recommend simple and safe 3-5% trades until the market starts acting normal again. Some good news about the Covid-19 may come within 3 weeks, and then the market will make healthy moves again. The big pump might happen before the Covid-19 news because it's crucial that the public doesn't notice the biggest transfer of wealth. This is why we have Turkey-Syria war, the refugee crisis in Greece, and NATO conducting heavy drills near the Russian border and not "concealing" that Russia is the potential enemy in the drills. At the same time, some of the biggest cyber wars are happening in the background between China and the USA. The era of digital assets is approaching, and the old powers are struggling to keep some skin in the new game. Caution and patience are your best friends in this period. This is a time to resort to the crocodile's strategy -- to wait and watch until the perfect time arrives. Learn from master Lao Tzu: "Do you have the patience to wait till your mud settles and the water is clear? Can you remain unmoving till the right action arises by itself?".
