Big rebound for the crypto market; bulls proved me wrong on this one.
I expected a bit more hesitation from the new Covid variant but perhaps the announcement was just FUD.
I'd like to breakdown yesterday's post to show how one could have interpreted my misinterpretation correctly:
1. A double-bottom pattern was illustrated with a 4350 breakout zone. Noting this as a bullish signal is the first step.
2. The current H4 candle formed a hammer close with a long, lower-shadow which signified a strong bullish reversal trend.
3. Once the next candle was established and hit 4200-4250 zone, there was a high chance of continuing towards breakout.
4. The weekly candle closed in the green (open ~4250) which also signifies a bullish signal.
Current expectation is a push to average or resistance at 4550. Supports at 4350 and 4200.
**** Altcoins ****
- $POLK filled at .83 which was my best takeaway from the day. Currently sits around .94 which I still believe is a good entry point for short-term gains.
- Bought $AURY at 17.85 and $ALGO at 1.72 based on $ETHs movement yesterday. Was initially waiting for lowers buys.
- $DOGE hit .22 but never bought in at .2 so I still average .25. Waiting this one out a bit longer to see if we make a push to .235.
- Today's buys are $MOVR (current) and $RMRK (34.50). $DOT under 40 is also a good buy imo. Keeping an eye on $CRV, $SOL and $XTZ.
I expected a bit more hesitation from the new Covid variant but perhaps the announcement was just FUD.
I'd like to breakdown yesterday's post to show how one could have interpreted my misinterpretation correctly:
1. A double-bottom pattern was illustrated with a 4350 breakout zone. Noting this as a bullish signal is the first step.
2. The current H4 candle formed a hammer close with a long, lower-shadow which signified a strong bullish reversal trend.
3. Once the next candle was established and hit 4200-4250 zone, there was a high chance of continuing towards breakout.
4. The weekly candle closed in the green (open ~4250) which also signifies a bullish signal.
Current expectation is a push to average or resistance at 4550. Supports at 4350 and 4200.
**** Altcoins ****
- $POLK filled at .83 which was my best takeaway from the day. Currently sits around .94 which I still believe is a good entry point for short-term gains.
- Bought $AURY at 17.85 and $ALGO at 1.72 based on $ETHs movement yesterday. Was initially waiting for lowers buys.
- $DOGE hit .22 but never bought in at .2 so I still average .25. Waiting this one out a bit longer to see if we make a push to .235.
- Today's buys are $MOVR (current) and $RMRK (34.50). $DOT under 40 is also a good buy imo. Keeping an eye on $CRV, $SOL and $XTZ.
