On the above weekly chart price has corrected over 80% since 2022. A number of reasons now exist to be long. They include:
1) Price action and RSI resistance breakouts.
2) Regular bullish divergence. Multiple oscillators print positive divergence with price action over a 3 month period.
3) Price action confirms support on past resistance.
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: 6%
Timeframe for long: now
Return: 400%
1) Price action and RSI resistance breakouts.
2) Regular bullish divergence. Multiple oscillators print positive divergence with price action over a 3 month period.
3) Price action confirms support on past resistance.
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: 6%
Timeframe for long: now
Return: 400%
Trade active
Trade active
Astonishingly sellers have returned price action back to the breakout point.Take advantage.
Trade active
Now... .
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
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
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.