On the above 2 day chart price action has corrected over 80% since November 2023. A number of reasons now exist to be bullish. They include:
1) Price action and RSI resistance breakouts.
2) Trend reversal. higher highs higher lows replace lower highs lower lows.
3) Support on past resistance. Look left.
4) Everything that was said above (1 through 3) is also true for the USTC.BTC pair (see chart below). This level of confluence should not be ignored.
Is it possible price action continues correcting? Sure.
Is it probable? No
Ww
Type: trade
Risk: you decide
Timeframe for long: hours
Return: 300%
2 day USTC / BTC pair
1) Price action and RSI resistance breakouts.
2) Trend reversal. higher highs higher lows replace lower highs lower lows.
3) Support on past resistance. Look left.
4) Everything that was said above (1 through 3) is also true for the USTC.BTC pair (see chart below). This level of confluence should not be ignored.
Is it possible price action continues correcting? Sure.
Is it probable? No
Ww
Type: trade
Risk: you decide
Timeframe for long: hours
Return: 300%
2 day USTC / BTC pair
Trade attivo
Resistance breakout confirmation.
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
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
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
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.