BTC DOMINANCE - BREAK OUT!As you can clearly see on the BTC Dominance chart, BTC is finally breaking out of a downward wedge that is has been trading within dating all the way back to September 2019. Keeping a close eye on this chart/trend is crucial as it provides the guidance one needs to determine whether their portfolio should be more heavily weighted towards BTC or Alts.
WOO
WOO targetsConservative target of $1.60 should be easy. I'm expecting a consolidation period before the big move but you never know with the low volume coins. Invalid below 0.85 so should be minimal position since its a very risky trade.
For the ones who don't know the project, I recommended visiting their website. In brief, WOO Network is a deep liquidity network with zero or minimal fees. Please do your own research before investing.
Good day.
WOO Network: Ended in a double topI previously wrote that WOO Network had great potential to 10x after breaking out of its primary wave 4 triangle. Unfortunately, it didn't pan out the way I thought. I still made great gains by buying it at $0.95 and selling at $1.35. Now it has broken the long-term trend so it doesn't look that good anymore...
🆓WOO Network (WOO) Nov-26 #WOO $WOO
WOO is correcting strongly from 1.8$ zone and we can accumulate it at 0.8$ and 0.75 zone for targets of 1$, 1.2$ and 1.5$ target in December. But if it loses 0.75 zone then we will wait to buy it back at 0.55$
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 0.75$ zone
🔴Buy : 0.8 - 0.75
🔴Sell : 1 - 1.2 - 1.5
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 0.75$ zone
🔵Sell : 0.75
🔵Buy : 0.55
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
✅WOOUSDT - Bigger handle hit our TP2BYBIT:WOOUSDT
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Congrats for you guys who following the trading plan as below.
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We did set a handle before, and it built a bigger one eventually.
After the handle pattern completed, price start going up till our TP2.
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As usual, do not forget to take profit at 2nd TP we set, you can hold the rest until TP3.
Just take it anytime you satisfy.
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Moreover, I set a new SL $1.6943 to protect your unrealized profit.
Have a good day!.
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If you like this analysis, smash the like button and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
WOOUSDT - Entry timing of Cup and HandleBYBIT:WOOUSDT
1H trend chart
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WOO is forming a cup and handle pattern, and we are approaching to the end of handle.
If price can break out the upper downtrend line, trading strategy as below.
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Profit Targets:
a) 1.6834~1.7032----Fib(1.272~1.382)
b) 1.7458----Fib(1.618)
c) 1.8146----Fib(2)
Stop losses:
a)1.5612-----Red horizontal ray
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If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
WOOUSDT targeting 2.50 on this breakout...A simple measured move objective gives us 2.50 as a target for this breakout. Above that is pure price discovery.
We are still waiting for a weekly close to confirm this breakout but looking good right now.
I mean, as long as $BTC doesn't crap on us, we are looking good for now...
WOO has been a breakout traders dream lately...Been giving great signals! I did not trade these breakouts (I buy dips for my HODL bag) but a good thing to remember next time it goes into consolidation...
Always watch the daily close and set your SLs at logical levels (e.g., below previous HL/range lows, etc.) w/ proper position sizing.
WOO Network: Triangle breakout & potential 10x bagger! (Part 2)I wrote earlier that WOO Network broke a giant triangle on its primary wave 4 and is currently riding an impulsive primary wave 5 to at least 10$ and even higher. We are currently going up on a secondary wave 3 of that primary wave 5 as shown on the chart. Do your due diligence but WOO Network is literally the Robinhood of cryptocurrency with its 0 fee scheme if you stake a certain amount of WOO tokens. The spreads are fairly tight as well so you are not getting screwed with the bid-ask spread because the company behind, Kronos, is doing a great job market making. I know because I was an early adopter and I now moved all my business from Binance to WOO Network. Also the coin tokenomics are deflationary, which makes this compelling for price appreciation.
WOO - Wootrade by Kronos ResearchWhat is Wootrade?
Wootrade was founded by Kronos Research in June 2019, one of the largest cryptocurrency trading firms. They will be seeding liquidity to Wootrade in the short term and creating an ecosystem where employees within both companies won't have any innate advantages over others.
The exchange is a dark pool trading platform that offers significantly above-average liquidity as well as tighter spreads than the major exchanges. Users of this innovative cryptocurrency exchange are offered zero (or even negative) fees and have access to high volumes of trade opportunities with tight spread; it's truly an innovation in crypto markets. They offer simple or advanced layouts for trading purposes.
What is Wootrade (WOO) Token?
WOO is a native platform token that unites liquidity providers and seekers into a mutually beneficial economic system, where traders receive better prices due to high volume orders executed faster than they would on their own.
Traders are incentivized by matching short positions across multiple regions at once, while also involving longs diversifying one's portfolio away from believing in just one singular region or country alone. By leveraging WOO tokens, the platform incentivizes liquidity providers to compete on prices and spreads for traders, rather than placing importance on volume which can sometimes be fake or manipulative by large market participants like HFT firms with high amounts of capital at their disposal.
WOO is an exchange token, this exchange will be in the top 5 in the next couple of years. (take a screenshot)
*read about Kronos Research
Best regards EXCAVO