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 as is indicated by the Gaussian Channel. The trend reversal is also captured by the Gaussian channel with the change to Green.
4) Weekly candle print on the Gaussian Channel. (Black arrows). Price action confirms a bull market as the channel flips green + confirmed candle support. Should the following weekly print a green candle.. look left.
5) The 1st impulse wave returned a massive 21900% return from January 2021 Until March 2021. Yes, you read that correctly 12 weeks only. Should this impulsive wave repeat in the same time a 200x will be collected before June/July this year.
6) Each higher low that has printed on this chart did so at the Fibonacci 0.38. Look left. Price action is currently at the 0.38.
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <= 6%
Timeframe for long: until mid April.
Return: 200%
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 as is indicated by the Gaussian Channel. The trend reversal is also captured by the Gaussian channel with the change to Green.
4) Weekly candle print on the Gaussian Channel. (Black arrows). Price action confirms a bull market as the channel flips green + confirmed candle support. Should the following weekly print a green candle.. look left.
5) The 1st impulse wave returned a massive 21900% return from January 2021 Until March 2021. Yes, you read that correctly 12 weeks only. Should this impulsive wave repeat in the same time a 200x will be collected before June/July this year.
6) Each higher low that has printed on this chart did so at the Fibonacci 0.38. Look left. Price action is currently at the 0.38.
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <= 6%
Timeframe for long: until mid April.
Return: 200%
Uwaga
On legacy support / resistance. Look for a following weekly close in the green for confirmation, otherwise void.Weekly
Anulowano zlecenie
Price action has entered the flag pattern on the weekly. Would not be responsible to keep the idea open until there is weekly confirmation of support on the flag.When support is confirmed on the weekly, the idea can be revisited.
Weekly
Uwaga
Notice since the idea was cancelled market structure continues to break?With the close of last week you can see market structure has yet again broken with a projected further 40% correction. To avoid this outcome price action must close the weekly candle above support as indicated.
Weekly
Uwaga
A signal has printed, 80% probability on a 90% signal that price goes up. In other words, you can't lose.
Daily
Uwaga
Should share for the benefit of all in answer to a question below..>>>
"Price action has entered the flag pattern on the weekly. Would not be responsible to keep the idea open until there is weekly confirmation of support on the flag."
>>>
There are very few alt tokens printing strong high probability signals at the moment. As far as I can tell only 29 tokens in the whole of Binance currently do. There are 1000 tokens listed there. The opportunities are not as thick as they once were.
RAD was once such token, 2 days ago it printed IB
I tell you that to tell you this
VRA
You could wait for the weekly flag confirmation. But the difference between acting now and then is 21,000% versus 60,000%
Uwaga
2 day chart rounded bottom fractal, Uwaga
nudge nudge wink wink...Uwaga
Did you buy? Did you sell in panic? How will you know what to do next?!
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
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.
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
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.