Algo 4H breakout - Now consolidation to distribute orders
Algo broke its trend heading down on the 4H..nothing significant which tells me we are still heading down in price.
Buyers can't get a grip yet and that is def. due to the buying power of BTC right now. Investors are tossing thousands of bucks into BTC at the moment. Alts tend to have effect with this in both positive and negative manners depending on how an individual tackles their asset. If they're spot trading or futures trading?
While price gets pushed around here in the coming days Algo will too.. I expect some kind of consolidation zone here at these levels to prepare for an impulsive move up heading into next year. The technology is way behind compared to assets such as ADA or XRP. Which means we have time to load up at the prices we can afford as day traders or long term traders.
The real question is...how long can you follow your investments fundamental growth without looking at the price everyday???
;) Stay safe everyone..and always do your research on your investment. Dive deep.
Buyers can't get a grip yet and that is def. due to the buying power of BTC right now. Investors are tossing thousands of bucks into BTC at the moment. Alts tend to have effect with this in both positive and negative manners depending on how an individual tackles their asset. If they're spot trading or futures trading?
While price gets pushed around here in the coming days Algo will too.. I expect some kind of consolidation zone here at these levels to prepare for an impulsive move up heading into next year. The technology is way behind compared to assets such as ADA or XRP. Which means we have time to load up at the prices we can afford as day traders or long term traders.
The real question is...how long can you follow your investments fundamental growth without looking at the price everyday???
;) Stay safe everyone..and always do your research on your investment. Dive deep.