3rd attempt at publishing this idea. PineCoders don’t want any of my publications using script I created to be seen on public ideas despite that being the situation for the last 5 years of content published by myself. As such I'm unable to present all the reasons for being bullish on this trade. Such as shame, as I truly believe knowledge should be available for freely for all. Leider, nicht heir.
On the above weekly chart price action has corrected over 90% since the highs of May 2021. A number of reasons now exist to be bullish , including:
1) A strong buy signal prints, which has now confirmed.
2) RSI resistance break out.
3) Price action bounces from the golden pocket printing a higher low. This higher low is more significant in that the bounce occurred off the bottoming candle printed in December 2018 - fantastic.
4) The BTC pair breaks out from a year long resistance (see below)
5) On 'what if' list.
Is it possible price action falls further? Sure.
Is it probable? No
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: don’t know
Return: The target suggested by the Fibonacci re-tracement is crazy so I’m not even going to mention it.
BTC pairs breaks resistance
On the above weekly chart price action has corrected over 90% since the highs of May 2021. A number of reasons now exist to be bullish , including:
1) A strong buy signal prints, which has now confirmed.
2) RSI resistance break out.
3) Price action bounces from the golden pocket printing a higher low. This higher low is more significant in that the bounce occurred off the bottoming candle printed in December 2018 - fantastic.
4) The BTC pair breaks out from a year long resistance (see below)
5) On 'what if' list.
Is it possible price action falls further? Sure.
Is it probable? No
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: don’t know
Return: The target suggested by the Fibonacci re-tracement is crazy so I’m not even going to mention it.
BTC pairs breaks resistance
Trade ist aktiv:
Something happened on the 5-day chart, anyone know what? Very exciting.
Kommentar:
100% exit this trade as price action sails over $1200
4-day
4-day
BTC
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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
Over 75% since publishing, 100%+ since signal.