Fantom outperform Bitcoin?
Updated
Hello
I'll start to make once per week update from some chart now on, so better stay tuned.
Fantom looks really good against Bitcoin as long as price stays on top of that key level which I marked clearly with arrows.
You can see from the chart what happened last time it broke that level.
If we can't hold the level I let my risk managment do the work and look for new opportunity if the price comes back on top
We can also break and retest the level which actually happens quite often if you stay patience
Ethereum has also been outperforming Btc for 2 weeks now so that would support this and maybe move some money to alts. Everything depends of the Bitcoin Dominance chart.
Let's check some bigger time frame also
Not financial advice
If you do take trades always use stop loss!
1st mistake novice traders do I don't use them and their ass burned!
Check out my previous work "I think bottom is in"
-Palén
I'll start to make once per week update from some chart now on, so better stay tuned.
Fantom looks really good against Bitcoin as long as price stays on top of that key level which I marked clearly with arrows.
You can see from the chart what happened last time it broke that level.
If we can't hold the level I let my risk managment do the work and look for new opportunity if the price comes back on top
We can also break and retest the level which actually happens quite often if you stay patience
Ethereum has also been outperforming Btc for 2 weeks now so that would support this and maybe move some money to alts. Everything depends of the Bitcoin Dominance chart.
Let's check some bigger time frame also
Not financial advice
If you do take trades always use stop loss!
1st mistake novice traders do I don't use them and their ass burned!
Check out my previous work "I think bottom is in"
-Palén
Note
The price broke out the blue arrows (lower high) level and came back to test it and 61,8 golden fib level and formed few doji candles on weekly timeframe.This look bullish for now
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