Biconomy (BICO)

On the above 4-day chart price action has corrected by 95% since January 2022. Today is great long opportunity. Why?

1) RSI and price action resistance breakout.

2) Multiple oscillators print bullish divergence across a 3-month period.

3) Seller weakness. Notice the long candle wick into seller territory?

4) Price action prints support on past resistance. Look left.

Is it possible price action falls further? Sure.
Is it probable? No.

Ww

Type: trade
Risk: <=6% of portfolio
Timeframe: Now, don’t sit on your hands.
Return: Will say elsewhere.

Trade active

Support confirmed.

P's, remember the return to support post? We know why this is important..

Note

Probably a good moment. Will say why elsewhere...

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30% upside move soonish seems probable.

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Failed resistance. That's a positive.

Trade active

positive confirmed

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A few messages on this one. Way too many emotions. If you're long, remain so. These ideas are for holders not traders. Wait until summer time next year around 5-6 dollars.

If you need more frequent.updates.. ask me somewhere else.

Trade active

Note

support confirmed

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Resistance breakout. Next resistance at 45 cents.

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A gift horse... never look one in mouth, just accept him.

Trade active

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This is now the 5th time price action has arrived at the 50 cent area since September 2022. Every time a rejection. Should there be no rejection on this occasion... consider this... the next resistance is $2 (circa 300%) with the current support at 38 cents. Think you'll agree, this risk/reward is firmly in the bull corner.

Trade active

DoN't teLL me the sky's the limit when there's footprints on the moon.

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Past resistance confirms support. Next resistance around the $2 area.

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Now up 200%.
Every other moment sellers offer a long opportunity, grab it.
Price action is still in Wave 1 of the new weekly uptrend.

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Can you hold until $150 ?

weekly

Trade active

GRM support confirmed like a hammer striking the anvil,

Don't ignore this opportunity.

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Beautiful hammer candle on the weekly following the retail trader leverage flush out over the last 48hrs. From as far as I can tell, that's all this was. Over leveraged traders force liquidations.

Speaking of leverage, stay away. You can make a fortune using spot. Exchanges make leverage positions and stop losses levels public. It is far too easy for vested interests to force liquidations there by causing long spot orders to be filled as retail traders panic sell. There's lots of evidence for this as I'm studying the charts over this weekend, most notably in the hook reversal pattern. It is a classic sign of exhausted sellers forced to sell something they don't have in an abundance. Retail traders call this market manipulation, I call it fire sale and take advantage.

weekly

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You can now hold BICO until the $6 area later this year.

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The panic of market participants as price action strikes significant support structure never fails to impress.

2 week

without_worries

BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR

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without_worries

BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR

Also on: