Hello dear reader, more than TA, these are "chart setups."
We are looking to spot potential bullish reversals early.
There is a trick with the "early" part.
➖ Being early can be great because one can enjoy the full move once it develops, if it develops according to our reasoning.
➖ The disadvantage of being too early is the risk. The earlier it is, the riskier the chart setup. That is because the signals are either weak (not strong) or yet to be confirmed. Please keep this in mind.
There are two ways to approach these chart setups when we take into consideration the above situation:
1) Very tight stop-loss. If it doesn't work, get out right away and wait for the reversal to be confirmed.
2) Wait patiently. If it goes contrary to our analysis, it is easy to wait longer because we already have a lower low and multiple reversal signals, as well as bottom signals.
Regardless of the smart decisions you can make to avoid risk, lots of thinking go into choosing these charts.
➢ For Fantom (FTMBTC), we can see very high volume after a major lower low.
A falling wedge pattern is already present as well as a Zig-Zag correction in the form of a 3-3-5. All these combined gives us a good potential for a reversal.
The targets are mapped on the chart.
Wishing you good luck and good profits in the coming days.
These are golden opportunities, make the best of it.
Grow your capital in anticipation of the next marketwide bullish wave.
➢ From Bitcoin we move to Altcoins, from Altcoins we will later move back to Bitcoin.
Namaste.