Big level of interest in ALGO/USDT here. I expect an outbreak here for this bull flag.
Ive been charting for about an hour and something came to my mind: low cap coins are making the same charts. I didn't know this till now. Here you can see RAY/USDT making a bull flag with 2 possible scenarios: 1. Is a bullish breakout. 2. Is a more bearish scenario, but not that bearish, it gives us a nice opportunity to make a big long on fib level and support area.
This is the cycle of FLM I've been looking at, this is cycle trading so don't be to sceptic. This is just an idea which is not to specific in its entries; just look at the main idea.
This is a very good possibility for bitcoin to happen. Big bull flag forming + key level fib support is imo very bullish. On the other hand if I look at the past cycles we have to dump more.
As you can see btc dominance broke out of its previous channel, and now its forming a bearish movement. Which is a very good sign for alt coins. I think bitcoin dominance is ready to dump more tomorrow which will lead for a nice run up for most of the alt coins. Sadly I don't think bitcoin dominance can't dump much further then this support area. Because this is a...
BTC dominance on life support, a good chance it will rise; what usually means alts will drop. Combined with bitcoin soon on resistance and almost a weekend. I have enough indicators on me to be bearish. AVAX is a coin I will be looking to short around 79.3, let's see what will happen.
Because BTC dominance is about to rise, what usually means alts wil drop, along with btc soon to drop. I think we can get some red days for alts like OCEAN. In the chart you can see where I want to open a long.
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will btc approve? This is a bullish pattern what could lead to a good swing. Only btc is looking bearish, I will take this trade with a tight SL
NKN bout to drop 10% imo. Btc has to help ofc, but also btc is looking bearish. Only extern factors could bull btc up.
These cycles I mention in my TA are based on 4H MA (99) support. I've traded the past month based on this MA 4H and I believe its one of the key factors why btc pumped so hard. We have had 2 cycles now, which both touched the MA in a period of 13 1/3 days. Now btc dumped a bit hard, that's why it's difficult to think of another cycle like the other 2. And tbh I...
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One of our analysts has found a possible breakout bull flag pattern on TLM. #cryptonewwave #novatrading