Orchid | Making The Right Choice, Profits & Growth (200% BU-Pot)My fellow traders, I hope this Tuesday is treating you so nicely and so great that you may feel inspired to make the right move. To make the right choices because the market is wide and varied and everything goes.
We are seeing some altcoins moving sideways, we are seeing cryptos literally crashing while we are seeing many, many going up. But these "going up" are tricky so we have to make the right choice.
I hope that these charts that I am sharing can help you in your decision making. But also remember to do your own planning and thinking before trading.
Alright...
We are looking Orchid (OXTBTC) on the daily timeframe.
The chart is nice, beautiful and clean.
The fractal is a consolidation pattern and a major low.
We have the low in July 2023 that led to a bullish wave; now we have a major consolidation pattern and lower low that is surely leading to a bullish wave.
This is the classic "bullish lower low," which means that the fact that the low in July 2024 went lower than in July 2023, tells us that sellers went all the way and found liquidity. After the bearish wave comes a bullish wave.
This is good long-term as all the other pairs that I am sharing but this setup can also be used as a "get in and get out" type of trade.
I'll let you figure out the rest as I have more to show you.
Follow my profile, I am writing for you every single day; non-stop, forever, more and more.
Thank you for reading.
Thanks a lot for your continued support.
Failure is only temporary defeat and if you fall down, stand back up.
Life offers endless opportunities and we can use the hard moments to build character and grow.
We will do great in 2025.
The market is set to grow.
Namaste.
