** Trading opportunity **
On the above 2 day chart price action has corrected 32% since late January. A number of reasons now exist to be long, they include:
1. RSI resistance breakout.
2. Price action remains in a bull market, despite all the volatility, the life cross in April 2023 informs us of that. Until a Death cross prints, dips are buying opportunities.
3. The bull flag. Price action continues to trade inside a downtrend. A 2 day candle body print on top of the downtrend channel during the remainder of this month would be confirmation of the flag.
4. The bull flag extension forecasts price action to print a 3 wave count to the market top circa $145k
5. Look left, prior to the market top in 2021 price action performed a strong rally from the 2 day 200 SMA.
6. Multiple oscillators print bullish divergence with price action.
Is it possible price action continues to correct? Sure.
Is it probable? No.
Enjoy the ride to the market top.
Ww
On the above 2 day chart price action has corrected 32% since late January. A number of reasons now exist to be long, they include:
1. RSI resistance breakout.
2. Price action remains in a bull market, despite all the volatility, the life cross in April 2023 informs us of that. Until a Death cross prints, dips are buying opportunities.
3. The bull flag. Price action continues to trade inside a downtrend. A 2 day candle body print on top of the downtrend channel during the remainder of this month would be confirmation of the flag.
4. The bull flag extension forecasts price action to print a 3 wave count to the market top circa $145k
5. Look left, prior to the market top in 2021 price action performed a strong rally from the 2 day 200 SMA.
6. Multiple oscillators print bullish divergence with price action.
Is it possible price action continues to correct? Sure.
Is it probable? No.
Enjoy the ride to the market top.
Ww
Trade active
PS: The moving average forecast is using the Box Jenkins approach, Note
Dollar collapse underway. Recession talk reaching fever pitch, fully fledged trade war between Donald and the rest of the world, and now rumours the President of the united states seeks to fire Fed Chair Jerome Powell.🍿🍿🍻
Note
Do you know what candle this is? Should it print as is on Thursday, or indeed even higher above the yellow dotted line (GRM), then changing times ahead. You'll not want to miss this opportunity.2 day chart
Note
Well done to those of you who messaged "confirmation candle" to the last update.Note
GRM support confirmed!Note
Bull flag now confirmed.Note
Up around $22k so far... ... $45k to go... but with a bump in the middle.
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
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
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.