You can see the similarities with the MACD divergence and the RSI reaching a possible bottom. If this is the case, we are looking at a possible bull run.
The only way this drops more is if BTC takes a crap. If BTC stays stable or moves up, we should see a move up.
The only way this drops more is if BTC takes a crap. If BTC stays stable or moves up, we should see a move up.
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Looks like it's up 100% in btc value since I posted this idea. The Daily RSI is very overbought, so could make a small correction down and swing higher, or just correct. I think where it goes has a lot to do if BTC decides to make a move in some direction or stays stable.
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If you are in this trade, definitely set a stop loss in profit. If it continues up, I think this is where it could be headed. Don't get greedy, that's how you get burned
Target: 0.00009
SL 0.000081
Target: 0.00009
SL 0.000081