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Waves / Bitcoin
Long

Is WAVES about to explode?

By without_worries
Updated
Lots of interesting signals here. Just waiting for the volume to confirm.
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Explode it did. Now broken out of descending triangle on the 1-day chart. Let's see if volume continues into the 3-day chart. Looks likely, Upwards and onwards.

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Volume now showing on 3-day chart. Major trend lines indicate targets.

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Kaboom! 100% gain in 6 days ;)

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As you can see from last uptrend the surge spent some moments before continuing to the first trend line.

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Drops to this strong support before moving upwards and onwards..

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Blue circles indicate where we are in the scheme of things. If history means anything, I'm holding until March at least.

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Beautiful watching history repeating itself. Was half expecting some bounce back from the next support level but it never happened. Onwards and upwards it seems, for now.

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Note
PS: In case you think you've missed out, check the upper trend line we've repeatedly hit in each bull run. You might need a telescope to see it ;)
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Kaboom - almost at first major support & resistance

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About to test a strong support area on the 3-day chart. Can count 6 tests of support & resistance over the last 12 months at this level, it is unlikely it fails to hold on this occasion.

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Next stage up about to begin, waiting on two things.
1) Confirmation of support on the 20 week moving average
2) Volume

The 3-day Stochastic is now showing a crossover to the upside with an evident golden cross. A good moment to take a position.

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Price / volume bullish divergence forming. Still could go a lot lower. Until the BTCUSD party is over alts/BTC pairs will continue to get hammered.

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Trade closed manually
Support and Resistance
without_worries
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: patreon.com/withoutworries

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