ChArtWorks_TechnicalArts

ALGO Overwhelming Bullish Indicators on the BTC Pair

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BINANCE:ALGOBTC   Algorand / Bitcoin
This is a position I took at wave C of the Bearish Butterfly at 2631 sats and ended up taking profit at the top of the Ascending Triangle at 3237 sats for about a 21-22%ish gain. I am looking for a potential reentry between the bottom of the Ascending Triangle or the PCZ of the potential Bullish Bat. That being said, the Bearish Butterfly PCZ takes us slightly below the common retrace zone. Buuut, the newly found Ascending Triangle takes us right in the zone for the measured move. Potential gains here are insane. You have broken out of a downtrend we've been in for the longest time on both the Linear and Log scale. This is something I have posted a little while ago too! <3
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