But with great risk comes great profits, 10x would be easy.
On the above 1-day chart price action has collapsed 90%. A ‘incredible buy’ opportunity is now illuminated with regular bullish divergence between price action and the oscillators. In fact 10 oscillators are showing divergence, which is awesome.
The BAO / BTC 2-day hart (below) is also printing ‘incredible buy’ opportunity following a breakout of MFI resistance.
Is it possible price action falls further? For sure.
Is it probable? Very unlikely.
Good luck!
WW
2-day Bitcoin chart
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Forgot to add the text above...
The fractal - do you see it? (clue: purple circles)
What is it? It is price action breaking through the Gaussian channel and confirming support on the upper side. The rest is history. Look left.
This fractal is/has appeared on a number alt-tokens that have already popped and on some others it is entering back below the channel from above.
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Support on the above chart confirmed.
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4-day chart prints a monster Bullish engulfing candle. Stay long stay strong and you'll be rewarded with a 600% return on this one before the year end.
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This obscure little token confirms a weekly reversal pattern on the BTC chart. The weeks ahead will not be dull.
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Nice solid breakout of past resistance resulting in a 60% move. Now wait for support confirmation at the orange line shown.
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Now 140%. Be careful, entering overbought area.
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Now 200%, Be extra careful! No sell signal yet, but certainly very overbought.
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300% !! - Still no sell signal on the daily...
However there is one on the 8hr
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If you see consolidation around the orange line, a long position is then possible if I'm not awake to update.
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Remember this one? Made an awesome return until the sell signal on the daily.
I remember the Sushiswap website not looking much different a year ago.
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@without_worries, docs.bao.finance/risks-of-bao-reasons-not-to-use-bao They are very honest and upfront. Quoting from their site directly "It is recommended to always farm for Bao and not to be purchasing as an investment (this is not an investment product)." The contract is also not yet audited. I love your TA though.
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@pleaseworkout, We witnessed a classic pump & dump. Thankfully however, price has based 17-19% over that which it was pre-pump. Holding on to this one, Sir. =)
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@pleaseworkout, I don't know about that. However on the daily chart (below) the situation remains very bullish with the divergence still in play. Be patient.