Bloktopia (BLOK) - bullish divergence

On the 2-day charts above (USD left, BTC pair right) price action has corrected over 80% since early November. A number of reasons now exist to be bullish, including:

1) The ‘incredible buy’ signal prints on both pairs. Remember 2-day chart.

2) Regular bullish divergence. Lots of it. Eight oscillators on the USD pair and 10 oscillators on the BTC pair over a 12 day period are printing positive divergence.

3) RSI resistance on both pairs is broken.

Is it possible price action falls further? Sure.

Is it probable? No.

Target is 10x from current levels, i.e. return to November price action.

Good luck!

Ww

Commentaire:

A morning star candle prints on the 10-day chart with increasing volume. This is a powerful candle formation on this time frame informing traders / investors of trend reversal.

Transaction en cours:

All aboard? Departure nearing..

Transaction en cours:

Sie ist unterwegs!

Commentaire:

A few questions popping in about a target.. man I don't know. Will update if a sell signal appears. There's obvious resistance between 6 and 7 cents, another 100% from current levels.

Try not to think about targets folks, get a strategy instead. Remember if you only ever make 25% return on Ideas I post you'll turn $10k into $1m with 22 trades.
With this trade currently and JASMY of recent you've brought that number down to 16 trades!

Transaction en cours:

The 10-day chart is it currently prints a strong buy signal. I'd buy it.

On the daily chart a sell signal printed at the 50 cent area recently but that time has past, price action is now on support,