Possible bottom
Pros
- RSI and BSI showing November 5th could be the bottom
- MACD also signaling reversal
Cons
- Candle pattern of higher highs and higher lows is not clear yet
- No break above physiological levels or any key chart levels
I went long at 1000 sats a bit early but calculated choice based on risk reward. My upside target is 1.618 fib level of 7000 sats. With the release of OUSD this project became much more interesting. As attention has been off alt coins and on Bitcoin. That change seems to have gone unnoticed.
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