On the above daily chart price action has corrected a whopping 95%. A number of reasons now exist to be long, including:

1) The ‘incredible buy’ signal has printed. Look left.

2) Price action has bounced on the 0.786 Fibonacci level that is also past support. Look left (orange line).

3) Regular bullish divergence – clearly visible on the 2-day BTC pair (below). The lower low in price action is also finding support on past resistance. Excellent.

4) Nudge nudge wink wink. Know what I mean..

5) Target is around $70 once price action confirms a breakout from the bull flag as shown below on the 3-day chart.

Is it possible price action falls further? For sure.
Is it probable? No.

Ww

Type: trade
Risk: <=6% of portfolio
Timeframe: 3 – 18 months
Return: 10x minimum

2-day BTC pair

3-day chart – About the target