Bullish Penant Forming on Top 10 Alts?
Just an interesting idea I found on the index of top 10 alts.
(ETHBTC*0.1+XRPBTC*0.1+BCHBTC*0.1+EOSBTC*0.1+XLMBTC*0.1+LTCBTC*0.1+ADABTC*0.1+IOTABTC*0.1+XMRBTC*0.1)
Volume isn't promising, but we have had legs up following a decreasing volume many times (for example in May). I am short-term bullish on BTC, so I curious to see how this plays out. Will we have a green day in alts tomorrow? I will buy in if the price breaks above the pennant.
Trading Tip/Note to Self: Formulate ideas and let the market decide if it's right or wrong. Do not get emotionally attached to any analysis. Sometimes Elliott wave theory works like a charm. Other times, it will fall through. There are cycles in the market that lend itself best certain analytic tools over others.
The crypto market still on shaky ground, so who can say what are the best tools to utilize right now? Stay careful, mindful, and aware of changes in the market. More a note to myself than advice to others.
Best of luck people!
(ETHBTC*0.1+XRPBTC*0.1+BCHBTC*0.1+EOSBTC*0.1+XLMBTC*0.1+LTCBTC*0.1+ADABTC*0.1+IOTABTC*0.1+XMRBTC*0.1)
Volume isn't promising, but we have had legs up following a decreasing volume many times (for example in May). I am short-term bullish on BTC, so I curious to see how this plays out. Will we have a green day in alts tomorrow? I will buy in if the price breaks above the pennant.
Trading Tip/Note to Self: Formulate ideas and let the market decide if it's right or wrong. Do not get emotionally attached to any analysis. Sometimes Elliott wave theory works like a charm. Other times, it will fall through. There are cycles in the market that lend itself best certain analytic tools over others.
The crypto market still on shaky ground, so who can say what are the best tools to utilize right now? Stay careful, mindful, and aware of changes in the market. More a note to myself than advice to others.
Best of luck people!