Ergo DCA - Max potential.I like keeping charts simple and keep the strategies simple.
DCA begins now.
Ergo and crypto looking like it will start 2022 with a bear market, which will drop btc to 30k and everyone else with it.
This was nearly a blow off top and would have happened if btc continued it bullrun.
On top of btc, This lopsided head and shoulders has dropped this and we will see if there's enough data to validate that trend line to then rebound from.
Your best bet trading is to look for things that are in movement of a current Larger scenario and utilizing that to your best ability. Trying to trade on something without that is much more of a gamble.
ERGBTC
Ergo/BTC about to Break the Falling WedgeWe see a falling wedge on the ERGBTC chart that has been running since 20 October. We see that RSI has been steadily increasing making an RSI divergence. Once price breaks above the falling wedge, this will be our confirmation for entry. I would set a tight stop loss at 1016 Sat and look for an early exit at the 1474 Sat support/resistance line, anticipating a retest of the top of the falling wedge.
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Increase bitcoins with this ideaAfter the recent fall in the price of bitcoin, the best opportunity has come to increase the number of your bitcoins.
Once the price of Bitcoin returns to 50,000, 60,000, 100,000 or 200,000 dollars, you will enjoy.
It is better to work as a spot.
This is an offer and you are responsible for the loss!