ALGBTC trade ideas
ALGO-BTC head and shoulders 30%+Welcome to .
coin ALGO 49 place in CMC . I have been trading this coin since June, at the same time, I made the previous trading idea, +140% from the point of entry.
From May to June, the price formed a patern of a bowl with a handle, then the price was in an upward trend forming an expanding triangle, in September we saw a dump together with all the alto coin market, after the price began to form a symmetrical triangle, which was also broken down, and the price fell under the support level, updating the price minimum to the bitcoin. At the moment, the price has formed an almost perfect pattern of inverted head and shoulders. This formation is traded at the breakdown of the neck line, or on the rebound after the breakdown of the neck line, the target value of the neck to head, about 30%. Stop under the right shoulder. When working out this scenario and the development of upward movement, you can consider further purchases while holding the zone 25.
Always use stop loss, and do not use the trading shoulder more than x3.
A trader should always have tomorrow.
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ALGO/BTC now 34% up Congrats Guys for good profit within 2 days#ALGO/BTC Profit Update :-
#ALGO currently trading at 1590 satoshi.
And went upto 1695 satoshi
Buy Entry also filled ✅
Total 34% pure profit guys.
Hope you very happy guys.
I am closed my 50% positions at 1650 satoshi.
But still hope it will give more profit so safe profit booking is good strategy.
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Algorand (ALGO) Also Looks Good (75% Mapped)The new week might start with a bang for the altcoins as I am seeing many pairs breaking above EMA50 this weekend.
Here is another one, Algorand (ALGOBTC).
Here we can see the 'three white soldiers' candlestick pattern while prices break above EMA50.
We also have a broken downtrend line, a bullish RSI, and MACD.
All these signals are pointing to higher prices.
You can find the next target mapped on the chart.
Thanks a lot for reading.
Namaste.
ALGOBTC is trying to have a breakout 🦐IF $ALGO.X will flip the current daily resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
ALGO/BTC 100% potential from here as per my Chart#ALGO/BTC TA Update:-
#ALGO now bottom out as per chart.
Trading at 1260 Satoshi
I am buying here and I am buying in part.
Some here and some placed bid at around 1200 Satoshi.
Entry:- 1180-1260 Satoshi
Targets:- 1784/2563/3232 Satoshi
Stop loss:- 1000 Satoshi
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Trend Reversal Soon? (Jan 9th 2021 through Sept 2021)Algo/BTC rate (January 9th 2021 through September 2021)
Low: 0.00000835 Algo/BTC
High: 0.00002238 Algo/BTC
I think this is what the next year could play out like on the BTC side of the Algo trades while bitcoin pumps and maybe eventually dumps.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
Algorand Breaks Above Resistance (Easy 45%)ALGOBTC (Algorand) is now breaking above EMA21 after printing really strong volume yesterday.
The new year is injecting some fuel into the altcoins and Algorand seems to be one of those that will move strong.
The chart above clearly shows our main target, easy 45%, as well as additional information.
The red dashed line at the bottom is our stop-loss.
Wishing you a great 2021.
Namaste.