Hi!
I had the idea to share another good opportunity with you, since many altcoins are forming nearly the same pattern: a triangle on the daily bar chart. A triangle is whether bullish nor bearish. It depends on the trending. But in my opinion, there is no reason to be bearish. The total market cap, excluding BTC is currently at resistance and about to go parabolic, so why should we be biased bearish?
Analysis:
Here is $DOT Perp from FTX on the daily bar chart. The MACD is about to make a bullish crossover, sooner or later. Everything in between the triangle is considered a buy opportunity for me personally. I have highlighted six wicks which show you a fake-out before going upwards again, so be careful if you are using a high leverage. It is sunday, so it is not unlikely that we see such a scenario playing out before we are going for $50. My first buy is still in play. If we drop and get that fake-out, I will add some more. Play safe and stick to your plan.
Cheers!
I had the idea to share another good opportunity with you, since many altcoins are forming nearly the same pattern: a triangle on the daily bar chart. A triangle is whether bullish nor bearish. It depends on the trending. But in my opinion, there is no reason to be bearish. The total market cap, excluding BTC is currently at resistance and about to go parabolic, so why should we be biased bearish?
Analysis:
Here is $DOT Perp from FTX on the daily bar chart. The MACD is about to make a bullish crossover, sooner or later. Everything in between the triangle is considered a buy opportunity for me personally. I have highlighted six wicks which show you a fake-out before going upwards again, so be careful if you are using a high leverage. It is sunday, so it is not unlikely that we see such a scenario playing out before we are going for $50. My first buy is still in play. If we drop and get that fake-out, I will add some more. Play safe and stick to your plan.
Cheers!