ALGBTC trade ideas
$ALGO year-long bull case. ALGO/BTC "THE BOTTOM"This just seems exactly how its supposed to play out going into alt season. since these peak/trough fractals look so much alike i took the ratio of the days (dt/dp2 divided by dt/dp1) and extrapolated it for the next potential peak. lots of alts topped on alt/btc chart before bitcoin topped in december 2017 so this could actually make alot of sense. ONLY UP
Fasten your seatbelts !!Hi Folks,
Why doing your own research pays off. It is so easy to go with the herd and the flow.
But standing up, face up, head high looking for your own is hard but pays off the biggest interest, most of the time.
This Algo/ btc chart gives me positive signals. Why?
We are trading in a wedge . And In this wedge we are making higher highs & higher lows = Bullish signal.
The 5 day MA is acting above the 20th day MA = Positive
The volume is stable.
The RSI = 52.50
ADX = 24
DMI+= 25.85
DMI-= 12
It hasn't already make up my setup but we are close to.
What to do. We wait patiently and see how the price will develop.