On the above 8x8 8-day chart price action has corrected over 90% (slightly annoyed it wasn’t just 80%). A number of reasons now exist to consider a long position, including:
1) Price action and RSI resistance breakouts.
2) Strong bullish divergence with multiple oscillators.
3) Support and resistance. Price action lands on legacy support, look left.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: Long positions between 1.50 and 2.50
Return: No idea
Stop loss: Will say elsewhere
1) Price action and RSI resistance breakouts.
2) Strong bullish divergence with multiple oscillators.
3) Support and resistance. Price action lands on legacy support, look left.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: Long positions between 1.50 and 2.50
Return: No idea
Stop loss: Will say elsewhere
Trade active
Note
Past resistance confirms support
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.