On the above weekly chart price action has corrected 95%. A number of reasons now exist for a bullish outlook, including: 1) Price action and RSI resistance breakouts. 2) Regular bullish divergence. 3) What was said above is also true for the ATA-BTC pair. Is it possible price action corrects further? Sure. Is it probable? No. Ww Type: trade Risk:...
On the above weekly chart price action has corrected over 90% since the sell signal (not shown). Today is great long opportunity. Why? 1) RSI and price action resistance breakout with support confirmation. 2) Multiple oscillators print bullish divergence. 3) Trend reversal. Higher highs higher lows replace lower highs lower lows. 4) The macro bull-flag...
On the above weekly chart price action has corrected 97% since late 2021. A number of reasons now exist to consider a long positions. They include: 1) Price action and RSI resistance breakouts. 2) Trend reversal confirmation. Higher highs higher lows replace lower highs lower lows. 3) Support and resistance. Price action finds support on past resistance on the...
Last year I wrote the idea: “MATIC - The one token not to hold in 2023” It was not a popular opinion. Link to idea below. At the time price action was at 97 cents. Down 13% currently in what was arguably one of the most bullish years for markets those past 30 years. What of 2024? Nothing good. A weekly death cross is almost certainly going to print by the month...
On the above 4-day chart price action has corrected 90%. Today is great long opportunity. Why? 1) RSI and price action resistance breakouts. 2) Multiple oscillators print bullish divergence with price action with confirmation. 3) Price action prints support on past resistance since breakout. Look left. Is it possible price action falls further? Sure. Is it...
A lot of folks asking about Shiba Inu at the moment. At this time on the above 2-day chart price action has broken from resistance that began in October 2021. The question most want answered: Will Shiba (Bro..) pump 1000% like in 2021 from late September until late October? No idea. Anything is possible. Is it probable? No. Why do I say that? Let’s look left....
On the above 3-day chart price action has corrected over 90% since the sell signal (not shown). Now is an excellent long trade. Why? 1) You know why. 2) Price action and RSI resistance breakouts. 3) Strong regular bullish divergence. 4) Price action prints a bullish engulfing candle on the golden ratio. Is it possible price action falls further? Sure. Is it...
On the above 4-day chart price action has corrected by 95% since January 2022. Today is great long opportunity. Why? 1) RSI and price action resistance breakout. 2) Multiple oscillators print bullish divergence across a 3-month period. 3) Seller weakness. Notice the long candle wick into seller territory? 4) Price action prints support on past resistance....
On the above 4-day chart price action has corrected 75% since March. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Significant bullish divergence. Multiple oscillators print positive divergence with price action. 3) Bull flag break out with 350% target projection. Is it possible price action prints lower...
Price action has corrected 80% since the sell signal last November as is shown on the above 2-day chart. A number of reasons now exist to be long, including: 1) The ‘incredible buy’ signal. 2) Both price action and RSI resistance have broken out (1-day chart below) 3) Regular bullish divergence (1-day chart below). 4) Both points 2 and 3 are also true for the...
A big thank you to all for helping me reach the 8k follower milestone.. On the above weekly chart price action has corrected over 90% since February 2020. A number of reasons now exist to be bullish, including: 1) You know why.. 2) Price action confirms support on past resistance. 3) The support is on the Fibonacci 0.236 4) RSI resistance breakout. Is it...
No doubt everyone has heard a variation of the phrase: “Sell in May, return another day.” In Wikipedia it is written: “Sell in May and go away is an investment strategy for stocks based on a theory (sometimes known as the Halloween indicator) that the period from November to April inclusive has significantly stronger stock market growth on average than the...
** warning - tiny market cap ** On the above 3-day chart price action has corrected 90% since June of last year. Astonishingly sellers have returned price action back to support. Is now a good time to go long? 1) Oscillators prints bullish divergence with price action. As a matter of fact more oscillators print positive divergence than the previous time price...
On the above 3-day chart price action has corrected over 90% since the sell signal April 2021 (not shown) at 50 cents. Today is great long opportunity. Why? 1) You know why. 2) RSI and price action resistance breakout. 3) Strong bullish divergence. Multiple oscillators print positive divergence with price action over an extended period. Is it possible price...
On the above weekly chart price action has corrected over 90% since April 2021. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Trend reversal. Higher highs higher lows replace lower highs lower lows. 3) Confirmation of support on past resistance. Horizontal blue channel. 4) The flag pattern flagpole...
Did you notice the weekly chart print on the GRM? The (deep breath) “Golden Ratio Multiplier Multiplied Moving Averages” indicator is a much unloved indicator with only 270 likes since June 2019! I'm guessing that is about to change after you read this post. What is it? The indicator uses a moving average that is very close to equal on the growth of Bitcoin as...
But first price action shall move to the 11-12 dollar resistance before the downtrend continues. ** trading opportunity ** On the above weekly chart pice action has confirmed a bear flag breakout. The flagpole measurement forecasts an eventual target of $2.50. Meanwhile a breakout of RSI resistance prints with a weekly bullish engulfing candle. The weeks ahead...
On the above weekly chart price action has corrected 98% in a downtrending channel since February 2021. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Price action exits a near 2 year consolidation. 3) Price action confirms a trend reversal with the first higher low higher high since 2020. 4) The downward...