Long
Will FTMUSDT go literally off the chart?
Key observations from 3D chart:
From the 2W chart we also see MACD aproaching a bullish cross.
These timeframes are very powerful. Pitchfork analysis projects 1.618 & 2.618 extensions as almost guaranteed targets, indicating that it could actually go higher, by using the previous run as a baseline.
Considering that BTCUSDT Expanded Flat Correction may be over (see my related Ideas), in my opinion, 0.22 cts is a great level to go long, but that's just me :)
DYOR. Not advice
- In june we saw the completion of a double zig zag correction on 5th wave starting from march 2020
- Massive bullish divergence in RSI
- Squeezing Momentum forecasting a big move ahead
From the 2W chart we also see MACD aproaching a bullish cross.
These timeframes are very powerful. Pitchfork analysis projects 1.618 & 2.618 extensions as almost guaranteed targets, indicating that it could actually go higher, by using the previous run as a baseline.
Considering that BTCUSDT Expanded Flat Correction may be over (see my related Ideas), in my opinion, 0.22 cts is a great level to go long, but that's just me :)
DYOR. Not advice
Note
Derivative oscillator on the 2W timeframe also projecting a trend shiftNote
Breakout just happened. BTC also pumping with big volumes. This is writing "epic" all over the placeNote
3W RSI just broke out its MA, and RSI is about to burst throught the oversold area. Enjoy the ride ladies and gentleman! Here are my targets
Note
Rising wedge on the BTC dominance chart.
Trade active
BTC.D broke down the rising wedge and RSI signal line lost support on the monthly time frame, something that hasn't happened since Jan '21
And most importantly, FTMUSDT chart broke the symmetrical triangle with an enourmous bullish bias, finding support in all of the oscillators. The long term target is indeed way beyond the original chart!
Still doubting? The 0.22 cent entry was absolutely perfect!
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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.
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.