On the above 6 day chart price action has corrected 90% since early 2022. A number of reasons now exist to be long, they include:
1) A trend change in RSI. In fact the first higher low to print since exiting the downtrend in June 2020.
2) Regular bullish divergence as measured over 3 months.
3) Double bottom print on legacy support.
4) The bull flag forecasts price action to the late $30 area perhaps $38.
Is it possible price action continues correcting? Sure.
Is it probable? No.
Ww
1) A trend change in RSI. In fact the first higher low to print since exiting the downtrend in June 2020.
2) Regular bullish divergence as measured over 3 months.
3) Double bottom print on legacy support.
4) The bull flag forecasts price action to the late $30 area perhaps $38.
Is it possible price action continues correcting? Sure.
Is it probable? No.
Ww
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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
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
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
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.