On the above 2-week chart price action has corrected over 80% since the sell signal last February. A number of reasons now exist to be bullish, a few of which are:
1) A buy signal prints.
2) Regular bullish divergence. Currently 10 oscillators are printing divergence on the weekly chart (below).
3) Support and resistance. The yearly chart (bottom - each candle = 1 year of data) is showing price action testing support on past resistance from 2017 through to 2019 @ $40. It is very likely to act as strong support.
Is it possible price action falls further? For sure.
Is it probable? Highly unlikely.
Ww
Weekly chart with bullish divergence
Annual chart - support
1) A buy signal prints.
2) Regular bullish divergence. Currently 10 oscillators are printing divergence on the weekly chart (below).
3) Support and resistance. The yearly chart (bottom - each candle = 1 year of data) is showing price action testing support on past resistance from 2017 through to 2019 @ $40. It is very likely to act as strong support.
Is it possible price action falls further? For sure.
Is it probable? Highly unlikely.
Ww
Weekly chart with bullish divergence
Annual chart - support
交易开始:
On support, safe long from here. Currently up around 15%.
交易开始:
Price action has now confirmed trend reversal on the macro. A new bull market for this asset is confirmed.
交易开始:
Support on past resistance confirmed.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR