ADA sitting nicely inside this triangle formations, which are rife across the alt market currently and many are looking to follow BTC's upward momentum.
50k and those big round numbers can often play with the emotions of traders, where many might look to close longs or open shorts, so being prepared for a potential bit of BTC chop is a good idea as we approach that level.
Nonetheless we're seeing strength and upside moves across a number of alts (IICX,
ALGO, 
OMG) for example, so to see more from the major pairs is to be expected, particular once we break that 50k level.
Still trading with pretty tight stops across alts as we head 50k, but the market is offering some good opportunities to be well placed for Q4
Would love to hear your thoughts or see your chart below.
- May the profits be forever in your favour.
50k and those big round numbers can often play with the emotions of traders, where many might look to close longs or open shorts, so being prepared for a potential bit of BTC chop is a good idea as we approach that level.
Nonetheless we're seeing strength and upside moves across a number of alts (IICX,
ALGO, OMG) for example, so to see more from the major pairs is to be expected, particular once we break that 50k level. Still trading with pretty tight stops across alts as we head 50k, but the market is offering some good opportunities to be well placed for Q4
Would love to hear your thoughts or see your chart below.
- May the profits be forever in your favour.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.