On the above 1-day chart price action has corrected over 90% since last April 2021. A number of reasons now exist to be bullish, including:
1) Double “incredible buy” signals. Don't often see those.
2) Regular bullish divergence.
3) Price action resistance breakouts.
4) Latterly on the BTC pair (below) a life cross is printed. Interestingly price action breaks out of an ascending formation as sellers print wicks by selling into momentum, a fantastic signal.
Is it possible for price action to fall further? Sure.
Is it probable? No
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: 1 to 3 months
Return: 10x
1-day btc chart
1) Double “incredible buy” signals. Don't often see those.
2) Regular bullish divergence.
3) Price action resistance breakouts.
4) Latterly on the BTC pair (below) a life cross is printed. Interestingly price action breaks out of an ascending formation as sellers print wicks by selling into momentum, a fantastic signal.
Is it possible for price action to fall further? Sure.
Is it probable? No
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: 1 to 3 months
Return: 10x
1-day btc chart
Trade active
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.