On the above 1-day chart price action has corrected almost 90% since late November. A number of reasons now exist to be long, including:

1) The ‘incredible buy’ signal.

2) Trend reversal. Higher highs and lower highs in both price action and RSI .

3) Price action is currently confirming support on the Golden ratio.

4) The 2-day BTC pair (below). If you’ve been paying attention to my publications those past 24 hours – wink wink nudge nudge.

Is it possible price action falls further? For sure.

Is it probable? No.

Good luck!

Ww

2-day BTC pair

Timeframe: hold it and forget it for at least 3 months to 1 year.
Return: 10x minimum.
Risk: Not more than 6% of trading portfolio.