Long
ALPHA/BTC Bullish Megaphone Pattern
ALPHA/BTC is forming a vert wide and big megaphone pattern on the D1 chart. With the recent influx of volume, we might see a very bullish period ahead of us.
Not only is this pattern bullish, the fact that Bitcoin dominance is diminishing at a very fast rate means that the X/BTC pairs show a very nice investment opportunity now.
I've marked two targets on the chart, based on round number resistances. R1 is the most conservative resistance, R2 a more risky one which offers a better R/R ratio.
Happy trading!
Not only is this pattern bullish, the fact that Bitcoin dominance is diminishing at a very fast rate means that the X/BTC pairs show a very nice investment opportunity now.
I've marked two targets on the chart, based on round number resistances. R1 is the most conservative resistance, R2 a more risky one which offers a better R/R ratio.
Happy trading!
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✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.