ALGBTC trade ideas
Possibility of a breakout looming :>Now amidst all the uncertainty and fear with the upcoming halving, I leave the possibility of anything happening open, and advise that you be careful and always use proper risk management when trading!
If using a sound risk management strategy, I think that certain alts (particularly the most promising ones - like algo) are looking favorable. This coin has bled a lot within the last few days, and the remaining supports are a lot stronger than the resistances. In fact, I don't foresee much difficulty breaking the resistance levels. What I think is the greatest factor to if we will see a breakout / trend-reversal is if enough momentum can be found to ignite it. I think the possibility of such seems to be favorable now, and offers a high reward to risk to ratio with a tight stop-losses at the close (but strong) resistance levels. We saw Bitcoin break-out yesterday, and sometimes alts actually stall for about a day before following Bitcoin's trend (this would be the optimal scenario, but the power of ALGO itself being a promising and desirable alt should also be considered). I'm long, let's see what happens!
#ALGO - Possible Short-Term GemCoin looks lit, bullish wedge is broken and ready to work out after a retest. My SL is below the red line.
$algobtcAlgo got a tether collaboration recently and is big profit giver when btc is cool....we hope to profit here
ALGO/BTC Bullish TA Update for Good profit#ALGO/BTC TA Update:
#ALGO now at strong support we can expect bounce back form here.
if we lose this support then Bearish for Mid term.
I am buying some with tight Stop Loss.
if any candle close bellow 2200 satoshi then I will close this trade.
But ic an expect we can see bounce from here.
S: 2250 Sat
R: 2913/3360/4011 Sat
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#ALGOBTC.. IF IT IS NOT NOW, WHEN? I think there is no need to say much for #ALGOBTC, ALGO should act against Bitcoin soon..
Although there is no signal about returning from the bottom up yet, I think Bitcoin will bind to bed for a while and there may be opportunities in some altcoins, we will wait and see .. You can find important levels in the chart ..
Disclaimer: What I wrote is not investment advice.. Please do your own due diligence when it comes to crypto-investing.. Never put in money that you cannot afford to lose.. Invest at your own risk..
I wish you all the best..
ALGOBTC 2 out of 10 daily chartsalgo in a sideways consolidation period.
midway in zone, possible 4% trade to the swing high failure if 1hr trend line is respecter.
SL tight under trend.
algobuy point=0.00002466
sl=0.000023
sell target=
1=0.00003430
2=0.00003830 ( big resistance )
3-0.00005344
$ALGO, Flipped ~2500 sats into support w/ UCTS Buy signals$ALGO
Flipped ~2500 sats into support w/ UCTS Buy signals on lower timeframes..
Aiming for continuation here (tight SL) toward ~2870 sats (10%+) matching EMA50
#ALGO
ALGOBTC - The little Sh*tcoin that could?ALGOBTC
Area to Break: 2818sats
AOI #1: 3102sats
AOS #2: 3290sats
Trade Length: 1-2 weeks
Analysis: Trending right on this POC (point of control) currently and that's acting as resistance. The scenario I've painted on the chart below is IF we can break above. This is a low cap (shit coin) so moves are move volatile, but high risk/high rewards.
This is one I'll also be looking to enter if we can get confirmation because it was a REALLY good coin to me earlier this year and it pumps hard.
It looks like a Slight broadening wedge (if we discount that last pump move up) so it could have some legs.
Watching and waiting.
**PLEASE LIKE IF YOU FIND VALUE IN THIS CHART AND I HOPE YOU MAKE SOME SATS!!**
algorand ready to fly maybe it will touch next support in 2203 in coming days.
RSI is near to 30 and its a good sign, last two touch made it fly hard .
in 4H we can see good divergence
buy zone : 2400-2200
TP1: 3203
TP2: 3764
TP3: 4127
TP4: 4606
ALGO/BTC (Double Bottom?: up to 60% profit)ALGO/BTC
If ALGO will repeat the history to form a bottom at the same area of support, we could see a potential rally up to 4000 sats region.
The RSI is also painting a bullish divergence that perfectly coincides with the current price level and area of confluence.
This is a good setup to play a Long position and have your stop-loss placed under 2250 sats.
ALGO/BTC 8H (Binance) Channel out & back to supportSame for Algorand last signal ending stopped, let's see what it brings us on higher TF:
Buy Entry= 0.00002552 - 0.00002448
Take Profit= 0.00003084 | 0.00003484 | 0.00004132
Stop Loss= 0.00001918
Risk/Reward= 1:1 | 1:1.69 | 1:2.8
Expected Profit= 23.36% | 39.36% | 65.28%
Possible Loss= -23.28%
Fib. Retracement= 0.236 | 0.382 | 0.618
LONG - ALGOBTC - Possible BottomBullish div formed at the 4h chart with a nice consolidation at the bottom range.
Entry: 0.00002646
TP 1: 0.00003027
TP 2: 0.00003295
SL: 0.00002472
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