On the above 4-day chart price action has corrected 90% since the sell signal back in December 2021 (not shown). Now is an excellent moment for long positions. Why?
1) Strong buy signal (not shown).
2) Price action and RSI resistance breakouts following 500 days of resistance.
3) Strong regular bullish divergence as measured over a 120-day period. 10 oscillators print positive divergence with price action.
4) Price action confirms support on the 21-week EMA bull market support band (yellow line).
Is it possible price action falls further? Sure.
Is it probable? No.
Buy from $39.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: Don’t know.
Return: Don’t know
1) Strong buy signal (not shown).
2) Price action and RSI resistance breakouts following 500 days of resistance.
3) Strong regular bullish divergence as measured over a 120-day period. 10 oscillators print positive divergence with price action.
4) Price action confirms support on the 21-week EMA bull market support band (yellow line).
Is it possible price action falls further? Sure.
Is it probable? No.
Buy from $39.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: Don’t know.
Return: Don’t know
Trade active
Note
Past resistance confirms support with volume, lots of it.
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.