Symmetrical triangle Swing play EOS/USDT 1D
Risky trade, due btc.d very low to let alts have a good run
For the entries, SL and TP of this call:
APEX 1 (outcome of smaller triangle):
Entry: before breakout (support): 3.96 / after conformation: 4.92
APEX 2 (outcome of smaller triangle)
Entry before breakout (support): 4.25 / after...
Ive been charting for about an hour and something came to my mind: low cap coins are making the same charts. I didn't know this till now. Here you can see RAY/USDT making a bull flag with 2 possible scenarios: 1. Is a bullish breakout. 2. Is a more bearish scenario, but not that bearish, it gives us a nice opportunity to make a big long on fib level and support area.
As you can see btc dominance broke out of its previous channel, and now its forming a bearish movement. Which is a very good sign for alt coins. I think bitcoin dominance is ready to dump more tomorrow which will lead for a nice run up for most of the alt coins. Sadly I don't think bitcoin dominance can't dump much further then this support area. Because this is a...
BTC dominance on life support, a good chance it will rise; what usually means alts will drop. Combined with bitcoin soon on resistance and almost a weekend. I have enough indicators on me to be bearish. AVAX is a coin I will be looking to short around 79.3, let's see what will happen.
Because BTC dominance is about to rise, what usually means alts wil drop, along with btc soon to drop. I think we can get some red days for alts like OCEAN. In the chart you can see where I want to open a long.
Could BTC form a bull pennant at 38.5 k? This would be the beginning of an amazing bull run in Q4. Some of our analysts already have given their favorite spot coins to buy this dip. Do you want to HODL our gems with us for the next bull run? Join Nova premium!
These cycles I mention in my TA are based on 4H MA (99) support. I've traded the past month based on this MA 4H and I believe its one of the key factors why btc pumped so hard. We have had 2 cycles now, which both touched the MA in a period of 13 1/3 days. Now btc dumped a bit hard, that's why it's difficult to think of another cycle like the other 2. And tbh I...