Hi All,
Looking at the current structure, one can comprehend another triangle type of continuation pattern, just more delayed than ADA and ETH.
The assumption here is that BTC will keep going sideways for some time.
If BTC drops below 34500, you can bet the ALTs will follow suit.
The trick, when to buy?
I use the lower time frames and the EMA confluence to buy in.
We are now at a resistance point, so buy in after the break and its pullback or like I said, using the small trend and its pullback on the ema ribbon.
All the best,
S.SAri
2Day chart, shows previous ATH was tested and wicked up on a few occasions. So the demand area has been established.
On this chart, I have another section where its wicked and also showing upward pressure and this current candle is responding.
Looking at the above chart, it makes sense that its likely a ascending triangle
Looking at the current structure, one can comprehend another triangle type of continuation pattern, just more delayed than ADA and ETH.
The assumption here is that BTC will keep going sideways for some time.
If BTC drops below 34500, you can bet the ALTs will follow suit.
The trick, when to buy?
I use the lower time frames and the EMA confluence to buy in.
We are now at a resistance point, so buy in after the break and its pullback or like I said, using the small trend and its pullback on the ema ribbon.
All the best,
S.SAri
2Day chart, shows previous ATH was tested and wicked up on a few occasions. So the demand area has been established.
On this chart, I have another section where its wicked and also showing upward pressure and this current candle is responding.
Looking at the above chart, it makes sense that its likely a ascending triangle
Comment:
ref. F.chart
Trade active:
Link is working its way up but the structure might not be complete. Hence why I have point C at 2 possible levels ...looking for that 3 lower high
Comment:
Comment:
The compression is building up.
Trade closed manually:
New post with updated info.
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
