#stratis formed cup & handle and now in its pump. Looks like a lot of alt coins making cup & handles. Coins like #ont #iotx could follow same path, but there is also possibility for big fomo which could give nice instant profits.
I posted yesterday a chart of BTC following Wyckoff event (very big distribution phase) with two three drive patterns. What will the effect be of Bitmex manipulation on the analysis?
Lets see how this one plays out.
BTC looks like it is forming it's second three drive patern. $6155 would be a good entry if this plays out for a short term profit. If we take a closer look at the paterns, we also see that we are in Phase D of a Wyckoff event and it correlates perfectly with the last move up from the three drive patern.
BTC/USDT looks like it is in Phase D of wyckoff and finish it. U can see two different three drives forming. $6155 is looking like a good entry for a short trade.
ONT looks like it is forming a bullish Gartley. This harmonic pattern is known for appearning in trend reversals. Could this mean the beginning of a new alt season? Let's see how it plays out. I've got my orders ready!
