Regarding spot position in algorand as You can see we've hit the next supply zone on high tf. In theory that's cheap for something what I always perceived as fundamentally strong alt coin. Below are only corona dump levels which are basically cataclismic prices. Does not mean we won't go there, or even head lower. We simply may see some potential demand after visiting 17 cents. When I look at indicators it's still far away from massive momentum kicking in but maybe it can at least sustain current prices over time and gain later on.
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I meant demand zone lol
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It's that red rectangle I forgot to change to green
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Added to algo. Also opened small leverage long. Same rules as what's on the chart
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Just noticed that we did wyckoff accumulation on an inverted weekly chart of algo and are moving towards the last stage of wyckoff distribution. Funny to see that on an inverted chart. That thing is basically a mirror to BTC weekly chart. If that's the case we would breach the demand zone for a short period of time and finish the cycle there
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If that's the case it would bottom at 0.156-0.146
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Added some more algo today. Nice hit into demand zone and bouncing back. Still have orders placed in case we gonna go lower after the fed
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Another touchdown. Instead of going up before the fed markets retraced by quite a lot which is not what we used to see in previously
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Doubled my position in algo. Added 50 yesterday at 0.1770 and now at 0.1807. For now I'll wait and see what's going to happen but btc daily chart is bullish at the moment
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Also nasdaq long
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Bought a bag of Sologenic on bybit. Cheap. All the profits from nasdaq will go into algo and solo
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Nasdaq pumping. Took 25% and it goes into Solo
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Just added to algo
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Buying up algo. Position doubled again
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Last purchase here. Stop placed at 0.1550 break
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Looks good for now. We've formed a bear trap on a weekly chart which may be a sign of trend reversal. If market keeps going up that could've been the bottom. We still have to climb back above the ascending channel so I'm not getting excited yet
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Market takes a dump again while nasdaq goes up. I think that if this will continue we will surely get another btc pump. It's going to put alts in a discount which usually means another months of growth
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I was supposed to not buy more but I did now lol
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Algo found enough effort to defend 0.1580 which is pretty much line in a sand for this setup. Make or break situation. Btc at some major resistances now but it does not mean it won't drop to 25-23k ish
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The most frustrating token I've ever traded lol
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Finally some upside. Picked up some s&p longs today as well. Waiting for a big run to the upside to cash out
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Algo tries to break back above the channel :>
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Closed it for small profit. Nasdaq is very high and the vibe from the market is that it's gonna go up high but I don't think that's the case for BTC. If I'll miss opportunity to make money here it's fine. After having it for so long and constantly adding as it was dumping I'm happy that I closed it for any profit. If someone is willing to hold it then You have to consider that we absolutely have to hold the ascending channel on a logharitmic weekly chart. At the moment it struggles to stay above
