On the above 1-day chart there is a 94% correction since the beginning of August and following oversold condition (orange bar). There is now increasing signs a reversal may be imminent. What signs?
1) Regular bullish divergence. All three oscillators are printing higher lows with lower lows in price action over a period of 30 days.
2) The last candle printed on the weekly chart (below) closed higher with a long wick to the downside indicating there were many buyers at this level. Risk / reward is excellent.
1st target $1.26 / 100% gain
1) Regular bullish divergence. All three oscillators are printing higher lows with lower lows in price action over a period of 30 days.
2) The last candle printed on the weekly chart (below) closed higher with a long wick to the downside indicating there were many buyers at this level. Risk / reward is excellent.
1st target $1.26 / 100% gain
Trade active
40% in 48 hours! Feel's like 2017 all over again.Trade closed: target reached
Kaboom! Best trade so far this year in the shortest time frame. 100% gain. Or in my case 300% on leverage using FTX in only 72 hours!Take note - the power of the weekly candlestick DOJI - never never never ignore it.
Note
PS: More upside is probable for sure. But I'm in the habit of taking profits rather than allowing greed to overcome me. Wait for the Stochastic RSI to cross down the 80 to know for sure when this run is taking a pause.Note
Hidden bullish divergence forming on the daily chart suggesting a another move up is coming.380% increase in 30-days is fantastic and is likely not not over yet.
Note
1000% up in 2-months, not bad.Currently the overbought condition is no longer illuminated and now indicating a 'great sell'.
Can price action continue to move higher? Sure.
Is it probable? Unlikely. It is overbought - yes could double again but do consider a 1000% return is already made. Rotate into something else rather than let greed take over.
Trade closed manually
Failure for price action to close above $15 by the end of April (<48 hours) will be very bearish.Last monthly candle closed as a gravestone DOJI. Failure to get above $15 will be confirmation of probable downtrend.
Note
No comments on this idea before price action blew up 4500%And history is about to repeat...
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.