A big thank you to all for following Without Worries.
Truly remarkable so many are interested in the ideas I publish.
Hope you all have a Merry Christmas and a Happy New Year!
Ww
To business..
On the above weekly chart price action has corrected over 95% since October 2021. A number of reasons now exist to consider a long position. They include:
1) Price action and RSI resistance breakouts.
2) Price action prints support on the bottoming red candle. (The large red candle the lower orange arrow is pointing to). Notice how the previous weekly candle closed on top of the bottoming candle? This is significant.
3) In addition to the bottoming candle price action prints support on past resistance.
4) Wedge breakout forecasts 12-15x return as measured from low to high wedge touch points (orange arrows).
Is it possible price action falls further? Sure.
Is it probable? No
Type: Trade
Risk: <=6%
Timeframe for long: Yes
Return: 1600% / $7
Truly remarkable so many are interested in the ideas I publish.
Hope you all have a Merry Christmas and a Happy New Year!
Ww
To business..
On the above weekly chart price action has corrected over 95% since October 2021. A number of reasons now exist to consider a long position. They include:
1) Price action and RSI resistance breakouts.
2) Price action prints support on the bottoming red candle. (The large red candle the lower orange arrow is pointing to). Notice how the previous weekly candle closed on top of the bottoming candle? This is significant.
3) In addition to the bottoming candle price action prints support on past resistance.
4) Wedge breakout forecasts 12-15x return as measured from low to high wedge touch points (orange arrows).
Is it possible price action falls further? Sure.
Is it probable? No
Type: Trade
Risk: <=6%
Timeframe for long: Yes
Return: 1600% / $7
Note
Testing support...Trade active
Support confirmed.Note
50% so far, not bad.Meanwhile comments from ETH and LTC holders crowing over 5% gains in the same period. Sigh...
Trade active
Now is the moment to collect from those emotional sellers..
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.