Market Cap 6.9 Billion
Up a cool 2,600% before a RSI Bearish Divergence + the "Incredible Sell" , price retraced to the 0.5 fib level, before rallying again to its high of $55.
Price has since corrected 88% and finds itself in the Golden Pocket.
We also have our first "Incredible Buy" Signal + Stochastic Oversold.
Does that mean the bottom is in? Don't know, I don't try timing the tops or bottoms.
Long Term bulls should DCA (Dollar Cost Average) with re-entry at $4, which is the 0.786 fib level , some big Volume Profile can be found there.
Can price drop further? Most definitely!
Speculative Setup, DYOR. Allow 3-18 Months For all Crypto Ideas.
Credit to without_worries for allowing use of indicators.
Up a cool 2,600% before a RSI Bearish Divergence + the "Incredible Sell" , price retraced to the 0.5 fib level, before rallying again to its high of $55.
Price has since corrected 88% and finds itself in the Golden Pocket.
We also have our first "Incredible Buy" Signal + Stochastic Oversold.
Does that mean the bottom is in? Don't know, I don't try timing the tops or bottoms.
Long Term bulls should DCA (Dollar Cost Average) with re-entry at $4, which is the 0.786 fib level , some big Volume Profile can be found there.
Can price drop further? Most definitely!
Speculative Setup, DYOR. Allow 3-18 Months For all Crypto Ideas.
Credit to without_worries for allowing use of indicators.
Note
Weekly HA MFI is @ 0.02!Note
Price bounces from our 0.786 / POC reload zone. Price has rallied approx 235% since.A whopping 7 oscillators are now currently printing divergence on the 2 week DOT/BTC chart. A possible trendline breakout + backtest and a potential massive RSI Bullish Divergence.
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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.
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.