Everyone is so focused on what Bitcoin is not doing that there’s a real risk the best opportunities are passing us by. Those opportunities are found in the alt tokens following massive sell offs. We find them by studying the BTC pairs. Those studies are assisted by focusing on time frames greater than the daily chart during times of such uncertainty.
On the above...
checking this out after ages, looks like a nice entry has been lagging time to get a move on imo
white dotted line we have a little resistance imo we go to the blue line
looking to rebalance my bags may get one of this
Make sure to check your asset vs its btc pair as well as usd pair as it has helped myself to identify key areas where the asset can reverse. .618 retrace area is where i will be accumulating some. The descending trand line in beige is also the key backtest of old resistance that could send this puppy flyin.
There is a clear buy signal on FTM against the BTC pairing. This comes after a drop of -73% from the last sell signal. With the way the market is some alts will outperform against the BTC pairing. There was a previous DCA signal in April and if you took that entry (which should be on a very small percentage of the overall position) then now is a good time go in...
We continue and this time Fantom (FTMBTC) is the altcoin pair at hand.
There are always so many signals and indicators to look at...
But the strongest of all signals is the market cycle.
If you can learn the market cycles you can know when everything will recover/bounce/move up.
Keeping track of the market cycles, once on a bullish wave we can also figure out...
$FTM UCTS signaled a new 1D Buy (up 13% since entry) on yesterday's close
I believe it is time for a relief bounce, which has not occurred this year.
Trying for 1800 sats as the first important level #FTM
Not enough time to explain this one thoroughly, but I noticed the majority of tradingview ideas are long. There's a high number of oscillators showing bearish divergence with price action on the above daily chart following the 'incredible sell' signal.
On each occasion price action corrected at least 50%.
If you're well into profit now is the time to protect...