Good Afternoon ladies and gents.
(Update on ALGO to the BTC pair)
We have a scuffed slanted Inverse Head and Shoulders Pattern potentially in play here. Breaking the neckline would also leave a measured move around the PCZ of the Bearish Butterfly.
If you entered a position in ALGO at my previous call, you'd be up over 20% in gains already.
Exit Targets remain the same, although I do recommend using the 4 hour time frame to determine potential price reversal. This is a big move and it is possible we won't hit the PCZ. But it is still a target for now.
You can't be surprised that we are running up quite a bit on this asset. I have made previous calls trading this asset at like 8k plus sats. I also exited my positions at perfect exit targets and haven't touched this asset since. Now look at us. Price reversal was expected.
Formed Daily Bullish Divergence into Bullish Convergence with a higher low. This was also the shape of a rounding bottom and just recently, I was able to spot a Slanted Inverse Head and Shoulders Pattern to add to the mix.
(Update on ALGO to the BTC pair)
We have a scuffed slanted Inverse Head and Shoulders Pattern potentially in play here. Breaking the neckline would also leave a measured move around the PCZ of the Bearish Butterfly.
If you entered a position in ALGO at my previous call, you'd be up over 20% in gains already.
Exit Targets remain the same, although I do recommend using the 4 hour time frame to determine potential price reversal. This is a big move and it is possible we won't hit the PCZ. But it is still a target for now.
You can't be surprised that we are running up quite a bit on this asset. I have made previous calls trading this asset at like 8k plus sats. I also exited my positions at perfect exit targets and haven't touched this asset since. Now look at us. Price reversal was expected.
Formed Daily Bullish Divergence into Bullish Convergence with a higher low. This was also the shape of a rounding bottom and just recently, I was able to spot a Slanted Inverse Head and Shoulders Pattern to add to the mix.