I often see these bell curves play out in altcoins, and kick myself for not buying what looks like the local bottom of the bell. So this time I entered a position and set my Stop Loss below the pattern in case it breaks down. The PA has hit a significant support level, and the Stoch RSI is in oversold territory, which supports my idea that there could be a bounce here.
Granted, I do not have a lot more data to support this idea, and it kinda depends on BTC / BTC Dominance.
We shall see!
Granted, I do not have a lot more data to support this idea, and it kinda depends on BTC / BTC Dominance.
We shall see!
Note
Well, ya can't win 'em all. Sorry folks. BTC stealing all the thunder from alts rn
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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.