On the above 1-day chart price action corrected 95% since last September. A number of reasons now exist to be long, including:
1) The ‘incredible buy’ signal.
2) Price action and RSI resistance breakout.
3) Price action price prints a higher low on the golden ratio. Fantastic.
4) Volume. Regardless of the price action volume accumulation continues.
5) On ‘what if’ list and already meets all conditions.
Is it possible for price action to fall further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: 1 to 3 months
Return: no idea
3-day chart

1) The ‘incredible buy’ signal.
2) Price action and RSI resistance breakout.
3) Price action price prints a higher low on the golden ratio. Fantastic.
4) Volume. Regardless of the price action volume accumulation continues.
5) On ‘what if’ list and already meets all conditions.
Is it possible for price action to fall further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: 1 to 3 months
Return: no idea
3-day chart
Trade active
Trade active
Trade active
Very active - u woz warned.Note
popTrade active
Trade active
GRM support confirmed.Note
nowTrade active
Note
For P's, scores are 30+/30 for USD/BTc pairs. Will write an new idea shortly.Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.