On the above 2-day chart price action has corrected a massive 95% since the sell signal back in March 2021. A number of reasons now exist to be bullish, including:
1) The buy signal has recently printed.
2) Price action is on support.
3) RSI resistance breakout + support
4) The ORN / BTC pair prints a ‘incredible buy’ on the 2-day (below).
5) Nudge nudge wink wink. Don’t know what I mean? Shame.
Is it possible price action falls further? Sure.
Is it probable? No.
Good luck!
Ww
Type: trade Risk: <=6% of portfolio Timeframe: 2 - 6 months Return: The 1st target is $4.20, after that $6 and then $29
2-day BTC pair
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This is fantastic reversal pattern emerging here (better seen on 4-day at bottom), on the 2-day dollar pair buyers had to push all the way to $2.15 before sellers stepped in. What does this tell you? Sellers are exhausted. Now watch what happens when demand return and sellers are no where to be seen in the weeks ahead, this is a powerful set up.
2-day
4-day
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PS: Had meant to show on the 2-day the purple circles where this seller exhaustion occurred previous, beautiful isn't it not?
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Lots of volume coming into this one throughout today (I don't know why, someone knows something I don't).
The people who can't afford to capitulate are doing exactly that, have already had messages from folks throughout the day 'I'm out', 'Can't take it anymore, sold it all' for various tokens. People, this is max pain. Just switch off the machine for a week, don't react to it.
The weekly chart below. Remember this one is on the 'what if' list.
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Strong bullish divergence printing on the 2-day with volume. If price action breaks out of this bull flag, look for a target in the $40-45 dollar area.
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Was just made aware of this by another, usually I don't keep up with project info. However I think this is worth a mention.. especially with the recent debacle of Celsius Network and Voyager.
"OKX integrates with Orion DEV perspective. Orion Protocol recently became the first to decentralize OKX’s order books. Users now have decentralized access to OKX’s order books using their own wallets."
Together with the WOO network, DYDX protocol, and now ORN - accessing order books on centralised exchanges will help many sleep better at night. This is the way forward.
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"What if" list status alarm triggers. Will add to the list next week. Someone please remind me if I forget.
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on support
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Forgot to add the chart above...
On the 1-day chart / BTC pair price action has broken out from a 500 day strong resistance. <10 alt-tokens listed on Binance / Coinbase hold this status. (CLV idea hint hint).
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Do you see?
Multiple bullish divergencies on the 3-day on resistance breakout
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A good moment. Strong buy signal + higher divergence.. look left
@lavventura, His signals are trash. He announced the buy signal on 26 May 2022. Just look at the price couple of weeks where you could enter compared to the date of his announcement. Don't take his signals serious. You will only lose.
lavventura
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@manschadow, Thanks, ORN is draining whenever he post a bullish signal. I was thinking the same as you. He also reached me out to want money for his signals.
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@lavventura, May 26th 2022.. 80% return. The signal was beautiful. There's a huge difference between making a gain and keeping it.
lavventura
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@without_worries, more lies there was only 30% return and 10% was coming from BTC's rise during that time. After 26h May ORN dumped around ~60% till 0.7 cents and again come-back only the amount of BTC recovered from 15 to 24.
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@lavventura, Am showing you as clear as crystal, a near 80% move following the signal. Men lie, woman lie, charts do not. Yes it 'dumped' afterwards, who cares! We're here to take money from those who don't what they are doing, end of. That's just the way markets work.
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@without_worries, You are calculating lowest point when you give the signal and hight point that you can sell, who can know that excat points? And when you give the signal it wal 1.51 not 1.23. You still play with numbers.
without_worries
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@lavventura, Now we're getting somewhere... so now it's now lies, just wasn't quite the return you wanted? How about 50%, that was an easy pull from the signal.
lavventura
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I just don't trust your signals and never will.
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@lavventura, That's fine, not holding a gun to your head. However you don't know how to use them, i.e. you've not read the book just the cover, how can you expect to understand the process?
I can see you’re a silver bull looking at your long ideas from late 2020. You went long into a bearish rising wedge. At the same time a strong sell signal was printing no less.
I get the emotions, I really do but that does not validate your arguments.