FieryTrading

ALPHA/BTC Bullish Megaphone Pattern

Long
BINANCE:ALPHABTC   ALPHA / Bitcoin
ALPHA/ BTC is forming a vert wide and big megaphone pattern on the D1 chart. With the recent influx of volume , we might see a very bullish period ahead of us.

Not only is this pattern bullish , the fact that Bitcoin dominance is diminishing at a very fast rate means that the X/ BTC pairs show a very nice investment opportunity now.

I've marked two targets on the chart, based on round number resistances. R1 is the most conservative resistance, R2 a more risky one which offers a better R/R ratio.

Happy trading!
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Comments

Awesome call! Now we wait...
Reply
@WitWolfy, Cheers mate, happy you enjoy it
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Nice job here! Thanks
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Awesome set up here. trading nicely in the channel
Reply
FieryTrading Fisher_Fx
@Fisher_Fx exactly, thanks mate
Reply
waiting for it yesss! good luck bro
Reply
FieryTrading TheSignalyst
@TheSignalyst, Cheers mate
Reply
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