Okcash / BitcoinLong
OK-BTC, confirmed "W" near lows of more than 1 yr, below 88.6Fib
We have another example of a double bottom very near levels as low as 1 year ago, and it is also below the 88.6% Fib of last rally.
The OBV is very high, MACD with a confirmed divergence and Willy left the oversold area and also confirmed a “W”.
A small trade could be made near the W confirmation level of 1196 sat, or try and get your orders filled in a small pullback of those values.
If the orders get filled, the recommendation is to take profits at 2x at half of the position, to break-even, and another one at 3x.
The OBV is very high, MACD with a confirmed divergence and Willy left the oversold area and also confirmed a “W”.
A small trade could be made near the W confirmation level of 1196 sat, or try and get your orders filled in a small pullback of those values.
If the orders get filled, the recommendation is to take profits at 2x at half of the position, to break-even, and another one at 3x.
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