The BOTTO Gameplan
BOTTO is a token for a Generative Art Project on the Ethereum Blockchain.
I first invested in BOTTO on October 9th and it has performed exceedingly well. I began noticing some patterns that could be useful in trading it either daily or as a short-term swing. Volatility will come from the weekly auction process of the generated art piece and any movement from the project's treasury. Risks involved include the performance of auctions, the team behind the project, and any macro events in the market.
BOTTO tends to see sharp corrections on the daily chart , anywhere from 23-64%, but it will then retrace or even attempt for new highs. It has also been following a textbook Elliott Wave pattern.
Dashed fib spirals represent the larger impulse waves (1,2,3,4, & 5), dotted fib spirals represent temporary patterns, and dashed lines are alerts for significant psychological numbers.
I believe we are in Wave 4, possibly going sideways until the next token burn, but I see an upside into the .0013-.0018 area for Wave 5. I am also adding at any and every steep correction.
Charts will be updated after market-close every day.
I first invested in BOTTO on October 9th and it has performed exceedingly well. I began noticing some patterns that could be useful in trading it either daily or as a short-term swing. Volatility will come from the weekly auction process of the generated art piece and any movement from the project's treasury. Risks involved include the performance of auctions, the team behind the project, and any macro events in the market.
BOTTO tends to see sharp corrections on the daily chart , anywhere from 23-64%, but it will then retrace or even attempt for new highs. It has also been following a textbook Elliott Wave pattern.
Dashed fib spirals represent the larger impulse waves (1,2,3,4, & 5), dotted fib spirals represent temporary patterns, and dashed lines are alerts for significant psychological numbers.
I believe we are in Wave 4, possibly going sideways until the next token burn, but I see an upside into the .0013-.0018 area for Wave 5. I am also adding at any and every steep correction.
Charts will be updated after market-close every day.