On the above weekly chart price action has corrected 50%. A number of reasons now exist to be long, including:

1) RSI resistance breakout.

2) Regular bullish divergence. Measured over 2-months.

3) A Double bottom prints.

3) Price action prints on the 100-week RMA with the divergence. Look left.

Is it possible price action corrects further? Sure.
Is it probable? No.

Ww

Type: trade
Risk: 6%
Timeframe for long: A week or two.
Return: 50% minimum
Stopless: 94
Operación activa
Past resistance confirms support.
Up around 10% so far, 40% to go. Although a move to 250 seems probable.
Nota
25% so far, 25% to go.
Nota
30%. Expect resistance around $50
Nota
Correction, expect resistance around 150 not 50. Although consider sellers are exhausted, resistance could be weak.
Nota
Long again from 130.

Got a near identical trade, will share...
Operación activa
Operación activa
55% so far. Stay long.
Nota
Onwards and upwards.

imagen
Operación activa
70% return so far.
Stay long.
$250 is next point of interest. Remind me below for updates.
Moving AveragesMultiple Time Frame AnalysisSupport and Resistance

BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

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Allow 3-6 months on ideas. Not investment advice. DYOR
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