greencardigan92
@t_greencardigan92
What symbols does the trader recommend buying?
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greencardigan92
greencardigan92
The BTC weekly chart is not looking good. That break in the uptrend, cross of a key level and a confirmation from MACD all point to lower into September. August is always weak in crypto, I think we're on the way down to $108k here. $105k is my bear case, I'm not as doom and gloom as others but you could certainly make a case for <$100k. September I expect a bounce back in part because I believe the US FED will cut 25bps.
greencardigan92
Bearish divergence on the hourly RSI. If we close below the uptrend, I see us down to first support which is, in my view, flimsy, so could result in a second leg down to the second support.Risk profile looks nice relative to the top of the red daily fib-band.
greencardigan92
Strong bullish divergence in hourly on SOL. Sign of a short term reversal in the downtrend.Buy.
greencardigan92
In my view the $140 - $142 level is critical for SOL in the short term. We close above the trendline and it's time to start re-entering long positions with size.
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