On the above 1-day chart price action has corrected 95% following the break of market structure late last year. Multiple reasons now exist to be bullish. Very bullish. Why?
1) The ‘incredible buy’ signal.
2) The 2nd ‘incredible buy’ signal. Double ‘buy’ signals don’t often print, but when they do… Only three tokens in all of Binance/Coinbase are currently printing this way.
2) Regular bullish divergence. Multiple oscillators are printing positive divergence with price action.
3) RSI resistance breakout.
4) Price action prints a higher low on the golden ratio following a breakout from the falling wedge.
5) Volume. Lots of it. Not just this exchange. I’ve no idea why. Someone knows something I don’t. Volume divergence like this is not to be ignored.
6) The 10-day BTC pair prints ‘IB’ as Stochastic RSI crosses up 20 (below).
Is it possible for price action to fall further? Sure.
Is it probable? No and no.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: 2 to 6 months
Return: I’ve no idea
10-day BTC pair
As an example here was the VET/BTC pair on the 10-day as a IB signal printed.
1) The ‘incredible buy’ signal.
2) The 2nd ‘incredible buy’ signal. Double ‘buy’ signals don’t often print, but when they do… Only three tokens in all of Binance/Coinbase are currently printing this way.
2) Regular bullish divergence. Multiple oscillators are printing positive divergence with price action.
3) RSI resistance breakout.
4) Price action prints a higher low on the golden ratio following a breakout from the falling wedge.
5) Volume. Lots of it. Not just this exchange. I’ve no idea why. Someone knows something I don’t. Volume divergence like this is not to be ignored.
6) The 10-day BTC pair prints ‘IB’ as Stochastic RSI crosses up 20 (below).
Is it possible for price action to fall further? Sure.
Is it probable? No and no.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: 2 to 6 months
Return: I’ve no idea
10-day BTC pair
As an example here was the VET/BTC pair on the 10-day as a IB signal printed.
Trade active
ALCX/BTC pair prints Dragonfly DOJI candle on the golden ratio. Perfect.Trade active
resistance broken.Note
Forgot to add the chart yesterday. Resistance breakout. Hold now until $1700 where price action topped out in May 2021.Note
This might be a good moment. This one is on ‘what if’ list, or it should be… 4hr chart prints IB signal
2-day BTC pair corrects to golden ratio following life cross
Trade active
Do you see?By the by, 10 bullish diverging oscillators is the higher number I've seen on any alt token over the last month except for CLV most recently.
Note
Close 'shorts / swing trades' if you've got them open.Trade active
Do you remember the tutorial on one of my favourite candle stick patterns? All about the psychology..If you don’t:
And now ALCX on the 3-day
Trade active
Sellers exhausted, buyers say thank you.
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
Related publications
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
Related publications
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.