On the above 3-day chart price action has corrected over 80% since early September following the ‘great sell’ signal. Now is an excellent time to be bullish. Why?
1) A ‘great buy’ signal prints.
2) Regular bullish divergence has printed between the oscillators and price action.
3) A dragonfly DOJI candle prints. Fantastic.
4) RSI resistance breakout.
5) The 2-day BTC pair prints a ‘incredible buy’ signal with multiple oscillators showing bullish divergence (below).
Is it possible price action falls further? For sure.
Is it probable? No.
1st target: 50 cents.
Good luck!
Ww
2-day AGIX/BTC divergence
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There's about 12 hours until this 10-day chart prints a new candle. However if it closes as it is now it will be like rocket fuel to price action.
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The above candle was confirmed. Fantastic.
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IB prints on 5-day day.
トレード稼働中
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Forgot to share the chart above... not trying to time market bottoms, but when I do...
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Bearish divergence on the daily following a 'great sell' signal.
Look for support on the 50-day SMA.
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This would be a good moment to close swings trades since the bearish divergence above. Why?
1) On the daily price action has corrected to the golden ratio.
2) On the 8hr and 12hr time frames a ‘incredible buy’ signal has printed:
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For anyone still following this one there's a strong bullish divergence printing on the BTC pair with multiple oscillators and volume. Someone knows something I don't, as always.
Hi WW, I am out of AGIX for for, converted to BTC. Its too hot for my risk level as daily and weekly RSI printing super bearish divergence. I see it can still go up to 14 cents but converted all AGIX to BTC for now. I will rebuy depending on what BTC does. If BTC goes down to say 10k levels then agix will probably go down to 2 cents levels, if 13.8k than back down to 3.6 cents. If btc already bottomed out and if was to visit 15.5K then I expect AGIX to retrace to 5.5 cents. How do you position on this? Cheers
without_worries
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@chakoban, Well done! You're doing something 90% fail to, sell high ;)
The daily chart has yet to print a sell signal, it is already conditional just not confirmed. However we're not trying to time markets here, we're riding trends.
As for weekly bearish RSI divergence... not on the BTC pair...
On the dollar weekly... nope no bearish divergence here... only increasing momentum
WMWToronto
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From a TA perspective, this asset may fly, but unfortunately the project is a little too "blue sky" in their narrative. If AI can do something practical for me, I would like to know, not some long winded technical narrative about a collective of AI's working together in global harmony. I just want to see one AI can do something practical in my lifetime......like maybe trade crypto ? This may be a very good long term investment, if the project does something. The Sublime Prince of Toronto