Sushi vs USD - Bullish divergence

2020年11月10日

On the above 1-day chart there is a 94% correction since the beginning of August and following oversold condition (orange bar). There is now increasing signs a reversal may be imminent. What signs?

1) Regular bullish divergence. All three oscillators are printing higher lows with lower lows in price action over a period of 30 days.

2) The last candle printed on the weekly chart (below) closed higher with a long wick to the downside indicating there were many buyers at this level. Risk / reward is excellent.

1st target $1.26 / 100% gain

2020年11月13日

交易進行

40% in 48 hours! Feel's like 2017 all over again.

2020年11月15日

交易結束：目標達成

Kaboom! Best trade so far this year in the shortest time frame. 100% gain. Or in my case 300% on leverage using FTX in only 72 hours!

Take note - the power of the weekly candlestick DOJI - never never never ignore it.

2020年11月15日

註釋

PS: More upside is probable for sure. But I'm in the habit of taking profits rather than allowing greed to overcome me. Wait for the Stochastic RSI to cross down the 80 to know for sure when this run is taking a pause.

2020年12月13日

註釋

Hidden bullish divergence forming on the daily chart suggesting a another move up is coming.

380% increase in 30-days is fantastic and is likely not not over yet.

2021年1月19日

註釋

1000% up in 2-months, not bad.

Currently the overbought condition is no longer illuminated and now indicating a 'great sell'.

Can price action continue to move higher? Sure.

Is it probable? Unlikely. It is overbought - yes could double again but do consider a 1000% return is already made. Rotate into something else rather than let greed take over.

2021年4月29日

手動結束交易

Failure for price action to close above $15 by the end of April (<48 hours) will be very bearish.

Last monthly candle closed as a gravestone DOJI. Failure to get above $15 will be confirmation of probable downtrend.

2022年6月20日

註釋

No comments on this idea before price action blew up 4500%

And history is about to repeat...