On the above 1-day chart price action has increased 600% since late July, amazing. A ‘incredible sell’ signal has now printed indicating the probability of further upside is limited for the time being.
Is it possible price action increases further? For sure.
Is it probable? No.
A breakout above $1.44 could occur, in that situation look for an exit around $2.10.
As the correction takes place look for support around 86 cents and then 66 cents. Historically speaking the 50-day EMA (blue line) has offered strong support when price action was in a uptrend. It is currently at 70% correction away!
Good luck.
WW
Is it possible price action increases further? For sure.
Is it probable? No.
A breakout above $1.44 could occur, in that situation look for an exit around $2.10.
As the correction takes place look for support around 86 cents and then 66 cents. Historically speaking the 50-day EMA (blue line) has offered strong support when price action was in a uptrend. It is currently at 70% correction away!
Good luck.
WW
Note
You can never time the top on these crazy moves. This update is to inform price action on the daily is well outside the Bolinger Band. 95% of all price action trades within the band.Trade active
A 'great sell' alert has printed on the 4-day chart. Look left.The probability of a reversal has now grown to +80%
Trade closed manually
Worst now over. Got a 'incredible buy' signal printing on the 2-day chart.
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.