Algotrading
ALGOBTC GOOD MOMENTUMAlgrand is located in an ascending major trend line and after reacting to the floor of this trendline, it is moving towards the target.
Due to the passage of a resistance and due to its strong momentum and ascending cycle, it can touch the specified targets.
The targets are marked with the help of Fibonacci and the resistance ahead
TP1: 0.00005400
TP2: 0.00006300
TP3: 0.00008000
Still oversold but building a base. BTC is still building a base around the 47k.
Notice how RSI is still oversold and I'm waiting for my main trend indicators to turn blue.
When confirmed blue I will set a SL under the swing low and expecting a pretty big move upwards.
There is still a possibility for a retest of 42k but let's see..I'm ready and will shift from short to long at the change of trend. '
Last year I made 200 % being in the market all the time riding the colors. I don't worry about getting in and out anymore...it works. You just have to be patient.
Algo going back to 1$ ?BINANCE:ALGOUSDT
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Thank you.
Possible Targets
➡️Test fundamental price 1$ and global support trend line
➡️ Retest on D1 downtrend fib line
➡️ Retest 0.23 level FIB to make a continuation move UP
➡️ After retest target by end of Bull Run 5.52$
➡️Pattern since 2019 cup and handle already played.
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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Wait for the 12H trendline #BTC near the trendline. I see a lot of people using the four hour trendline but that comes with a bigger risk than using the 12H trendline.
I will wait for confirmation before I trade. I even want my algo to print a blue candle.
On the positive side all of my indicators shows overbought, so the break of trend could be now.
Still not a buy Please not that all my postings are for my trading account and not my HODL. I have different rules..Hodl is Hodl based on Sale price and trading is 100% algo based.
Link is still not a trade for me. We haven't broke any resistance of magnitude yet. I'm also waiting for a blue 12H confirmed candle.
ALGO/BTC pumpin!!Here is a quick analysis of the ALGO/BTC chart pumping.
Next targets are resistances marked in horizontal ray blue at 4575 sats & purple at 5540 sats per ALGO coin.
Big green arrow shows how the trend tested the 200 MA and bounced off of it making to break the downtrend channel that was created.
RSI indicator shows how once the downtrend was broken (blue small arrow), it backtested before mooning (orange small arrow).
MACD Showing how positive momentum is building up... :)
BLZUSDT 4H: Possible SHORTBLZUSDT 4H: Possible SHORT
A further fall to the level of 0.2650 is possible after breaking through the level of 0.3180.