On the above weekly chart price action has corrected over 90% since April 2021. A number of reasons now exist to be long, including:
1) Price action and RSI resistance breakouts.
2) Price action confirms support on past resistance. Look left.
3) Trend reversal. Price action replaces lower highs lower lows with higher highs and higher lows.
4) The forecast is taken from the flag pattern.
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6%
Time to long: Now
Return: 10x
1) Price action and RSI resistance breakouts.
2) Price action confirms support on past resistance. Look left.
3) Trend reversal. Price action replaces lower highs lower lows with higher highs and higher lows.
4) The forecast is taken from the flag pattern.
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6%
Time to long: Now
Return: 10x
Trade active
Past resistance confirms support.Note
GRM support now confirms.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
Related publications
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
Related publications
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.