..since long trades were invented. Basically it is free money.
On above 3-day chart price action has corrected 80% since 20 days ago! Market participants have capitulated. Take advantage.
Previously price action has corrected to confirm support on past resistance. Sure it will break if it is meant to this time, but not right now. That is what makes this an easy trade. Look left.
The previous two support confirmations resulted in bounces of 50% and 100% (growing), respectively. On this bounce sellers are absent, which will make for a stronger support confirmation than the previous two.
How can I be so sure? Experience laddie and ladets.
Zooming in down to the 18hr chart we can see all oscillators are now recording bullish divergence (black circles). Divergencies that were just as strong when the market was bearish. This time on the reversal.
Is it possible price action correction further? Sure.
Is it probable? No.
Ww
18hr
On above 3-day chart price action has corrected 80% since 20 days ago! Market participants have capitulated. Take advantage.
Previously price action has corrected to confirm support on past resistance. Sure it will break if it is meant to this time, but not right now. That is what makes this an easy trade. Look left.
The previous two support confirmations resulted in bounces of 50% and 100% (growing), respectively. On this bounce sellers are absent, which will make for a stronger support confirmation than the previous two.
How can I be so sure? Experience laddie and ladets.
Zooming in down to the 18hr chart we can see all oscillators are now recording bullish divergence (black circles). Divergencies that were just as strong when the market was bearish. This time on the reversal.
Is it possible price action correction further? Sure.
Is it probable? No.
Ww
18hr
Trade active
A number of messages overnight on this one.“I think it goes lower to around $1.65. I hope it does.”
or
“Will test $1 first dude”
or
"Are you on crack?" I wish.
Anything is possible, but is it probable? I say this on the end of every idea I publish for a technical reason.
At this time there is a 86% probability of a 90% probability price action goes up from here. I know a mouthful, not important. Just smile and wave.
Look left. The last 16 signals were 100% on the money.
18hr
Trade active
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
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.