✳️ C98 Above MA200 Activates Long-Term Bullish Potential (1580%)

13 de fev.

MA200 Here sits at 528 and when a Cryptocurrency pair trades above this indicator long-term bullish potential is active. This is what I know based on experience, years of experience.

MA200 is not shown but you can easily do this yourself by opening up C98BTC on the daily timeframe and plotting the MA indicator and setting the period to 200. SMA (Simple Moving Average).

Now, let's add a few more signals...
As is usual, you will notice the same simple signals, all classics... They never change and don't have to change because they work. If you see an analysis that becomes to complex this should raise some concerns, simplicity is best for success.

On top of the moving averages, we have a volume breakout (trading volume going higher than the daily average), a strong RSI (at bottom prices) and a full green candle.

These are enough signals to support our bullish bias.

If the pair drops a stop-loss can be set/used and the risk is very low.
👉 Say 15% risk vs 1,500% potential for growth.

Personally, I would never stop a loss on a bottomed out pair like this one, I would add more and hold long-term. Once the action starts it would be worth the wait.

More details on the chart.

Thank you for reading.

➖ Remember to do your own research.
➖ This is not financial advice.
➖ All the information I share is intended for educational purposes only.

Namaste.