After a multi-month period of mark-down ALGO is exhibiting the final stages of Wyckoff's accumulation model: 1. Preliminary Support (PS) established 2. Selling Climax (SC) achieved 3. Automatic Rally (AR) occurred 4. Secondary Tests (ST) occurred 5. Price broke key resistance level (Sign Of Strength / "crossed the creek" 6. Price Backed Up ("walk back to...
When looking at the bitcoin chart you can see that for months now bitcoin couldn't break the 41,000 - 42,500 level. Now that the short term indicators have cooled off, and bitcoin has broken resistance. I think we will see our next major test In the 48,000 range. That's a pretty decent upside even if you were to take a position today. Somewhere around 10%. Now...
Esperando al efecto del pullback para mantener una posicion larga
Looking for price to come and test bottom of weekly candle before continuing mark down.