ALPHA/BTC Bullish Megaphone Pattern
ALPHA/BTC is forming a vert wide and big megaphone pattern on the D1 chart. With the recent influx of volume, we might see a very bullish period ahead of us.
Not only is this pattern bullish, the fact that Bitcoin dominance is diminishing at a very fast rate means that the X/BTC pairs show a very nice investment opportunity now.
I've marked two targets on the chart, based on round number resistances. R1 is the most conservative resistance, R2 a more risky one which offers a better R/R ratio.
Happy trading!
Not only is this pattern bullish, the fact that Bitcoin dominance is diminishing at a very fast rate means that the X/BTC pairs show a very nice investment opportunity now.
I've marked two targets on the chart, based on round number resistances. R1 is the most conservative resistance, R2 a more risky one which offers a better R/R ratio.
Happy trading!
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.