Over the past couple of calls, support and resistance levels as well as oscillator divergences have led me to quite substantial profits. In this chart, I’m combining those signals with price action understanding and the Ichimoku Cloud indicator as confluence to long MTL/BTC. More specifically:
Cheers.
- Imminent breakout of bullish symmetrical triangle.
- Price taking the path of least resistance through the Kumo Twist.
- Bullish MACD and Tenkan-Kijun Crosses.
- OBV oscillator printing higher highs whilst price trades sideways; price will soon reflect the greater volume that has recently poured in.
- Price retesting strong daily resistance which will be broken sooner rather than later.
- Great fundamentals (metalpay.com).
- As price approaches 8k Satoshis, expect an aggressive advance; no consolidation back in late October will show at least half of the blue box’s range covered in a short period of time.
Cheers.
If you did not get a chance to fill up your bag, wait for the pullback to the 5530 Satoshi level, which is also a Kumo support.
Over 15% profits in the two days since I made the call!