All my indicators are lining up here. MACD is about to cross up again, OBV is bullish and the field count has reset and the RSI combo has turned bullish after decisively breaking the .786 level. The only concerning thing right now is the constant BTC inflow on exchanges (not shown on the chart) which might or might not be compensated by the huge institutional...
Quick follow up to the ATH idea for ALGO from the other day. I've projected the last 3 or four 4 pullbacks on the trend, and we can see a clear cluster forming between .95 and 1.10 (which comes naturally as this is the psychological barrier of 1$), after that the next target would be in the area of ~1.45. The way I would trade those levels (since I already have a...
I've been accumulating ALGO since last year and bought almost all the dips below .30, and now we're approaching all-time high and everything looks like it's gonna be fireworks once broken. ALGO is one of the coins with the best technical fundamentals and the amount and magnitude of projects they are working on, are part of or have planned is just staggering. You...
Looks primed here. Price broke the long term downtrend (144EMA) and retested perfectly. Short EMAs are in a healthy uptrend as is the OBV. The fields on the OBV printed a 5 while making a new ATH which for me is extremely bullish. Took the trade at 0.00000977 BTC for a clean 6.5RR (stop below 144EMA, TP at last real pivot (conservative)).
The way we are dancing on the 1.618 fib extension - which coincides with the 55EMA - and the next unlock of GBTC being on around February 3., I'd say the local bottom is in and the next stop is the 2.618 at around 46k which would give us the higher high we want to see and prime us for further upside. MACD looks like it's ready to roll over as well if you look...