ALGOBTC trade ideas
ALGO/BTC-1D-BINANCEThis is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info
how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody...
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1-PULLBACK
2-FIBO 0.618
3-SUPPORT ZONE
ALGOBTCALGO pulling back to the broken resistance
I bought ALGORAND with BTC pair here
targets in the chart
targets based on fibs levels.
BINANCE:ALGOBTC
ALGOBTC GOOD MOMENTUMAlgrand is located in an ascending major trend line and after reacting to the floor of this trendline, it is moving towards the target.
Due to the passage of a resistance and due to its strong momentum and ascending cycle, it can touch the specified targets.
The targets are marked with the help of Fibonacci and the resistance ahead
TP1: 0.00005400
TP2: 0.00006300
TP3: 0.00008000
Algo Possible trend & trade Idea!Expect growth going into next year.
Last chart on Algo/USDT published Aug 2020 showed the end of correction which was a good opportunity for investors to buy.
update ALGO BTC pairdidn't go the way I wanted. My stop hit and didn't get a chance to re-enter due to the strong bull momentum. But it will undoubtedly come. I am now going to turn my attention to the BTC pair.
The BTC pair looks very bullish on the weekly and daily. That's why I like to be in a long position. If I get the chance to get in 0.00003, then I will go long. otherwise I'll wait and see how the price develops at the first red box. A test of the blue line must happen before the bulls will push further.
Better safe than sorry.
Pray for algo hereALGO really need to bounce Vs BTC here.
R and R is pretty good as otherwise it's going bottom of the range.
ALGOBTC possible Wyckoff accumulationDear Friends i have noticed possible Wyckoff accumulation forming with Algorand/Bitcoin market pair. Now in phase A at PS, AR, SC and ST the spread does not behave quite as described in Wyckoff method but the price still does appear to be bottoming out.
buy now at ~0.00003500
stop loss at 0.00000708
profit target 1 at 0.00006000
risk & reward ratio 1:1
profit target 2 at 0.00012490
risk & reward ratio 1:3
only use maximum 1% of your total portfolio for this trade. when price hits first profit target, exit the trade or move stop loss to break-even at trade entry point.
ALGO is looking strongI'm buying some ALGO here. Despite the BTC sell off ALGO has shown strength and the ALGO/BTC pair looks bullish. Algo quickly recovered its support at 1.54 and is back in range, I'm targeting 2.10, 2.82, and 3.22.
ALGO/BTC pumpin!!Here is a quick analysis of the ALGO/BTC chart pumping.
Next targets are resistances marked in horizontal ray blue at 4575 sats & purple at 5540 sats per ALGO coin.
Big green arrow shows how the trend tested the 200 MA and bounced off of it making to break the downtrend channel that was created.
RSI indicator shows how once the downtrend was broken (blue small arrow), it backtested before mooning (orange small arrow).
MACD Showing how positive momentum is building up... :)
Algo/BTC Agulhada com rompimentoAgulhada de ALGO/BTC no diario. Tambem rompendo Resistencia do que parece ser um pequeno Head and Shoulders invertido.
ALGO ; LATE BUT WELL GROWNALGO was a promising project for now but nowadays ALGO is trying to pass the levels as well as DOT,AVAX,SOLANA also did before.ALGO WALLET,ALGOFI ( algo defi platform) is on the way and we find the last part of puzzle after HIVEMIND news. First tecnology partner of HIVEMIND is ALGORAND. Former Citi executive Matt Zhang introduced Hivemind Capital Partners, a $1.5 billion multi-strategy fund designed to bootstrap promising crypto plays and “institutionalize crypto investing.”
AS A SUMMARY I EXPECT A BULL RUN ALGO PRICES.THIS IDEA IS FOR A LONG TERM INVESTING.
ALGO with chances for +200% aganst BTCAlgorand is in a nice setup towards the downtrend-line - if it breaks chances are that we can see +180% from here within the next 90 days.
Even more realistic if Altseason is about to start.
The slim white lines represent support/resisitance-levels that we want to overcome.
Good luck.
Trade carefully.
Be happy with 10% every here and there.
Consider stop-losses
why i love Investopia; always there for you.many indicators, many flashing lights; not familiar with, unable to catch all.
Learnt short, not for me.
candles:
Low wick ; still ignored; has shown to be positive;
Real body : not mani pulated, showed consistent green at different timeframes; hasn’t reached previous peak so retrace
Long wick : non believers in the project -weak.
Ascending wedge:
- 5th wave cancelled; not an Elliot Impulse Wave.
- Ascend wedge; suggests reversal pattern.
- w/ Fib : check reversal indicator
Heikin “average bar” -a small body surrounded by upper and lower shadows indicate a trend change: wait for confirmation before going long or short.
RSI : unsure
MACD : unsure
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Not all ideas have been traded; not financial advice.
still understanding ALL indicators, in ALL directions. Inside and Outside
Since some have needs to learn as well, happy to show my progress.
Happy in supporting Algo.
Usually, my ideas are kept to myself; since I don’t like to share things I do not know.
Do your research. go learn your lingo.
Corrections/inputs are welcome in comments ; don’t be shy, don't be rude.
Same book, different day.
Love yours,
pomodoro low wick ignored;
real body, security channel;
long wick Soywax candle; casting shadow up along the wall.
//
oblivious pseudorando’;
manti, efficiently computable.
don't rip/throw away thesis.
randomness vs. hardness theory ??
don't jump to conclusions.
A Book A Day ; one will find out.
$ALGO, Trying to break accumulation range$ALGO
Trying to break accumulation range since october w/ a 1D Buy signal by the UCTS indicator..
Volume also showing strong levels
Could be the start of trending back to YTD highs
#ALGO
ALGORAND - Against BTC staking staking & staking
Algorand (ALGO)’s main aim is to drive low-cost cross-border payments. Being a PoS protocol, the network needs stakers for security and transaction processing. Unlike Tezos, it uses the pure proof-of-stake (PPoS) consensus mechanism. However, it still requires stakers to run full nodes.
Furthermore, there are third parties who support ALGO delegation. Staking rewards on these networks range between five and ten percent annually. Note that the rewards are influenced by the platform used. For example, those using Binance Staking enjoy an APY (annual percentage yield) of 8%.
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Algorand Price (ALGO)
$1.86
0.93%
0.00003045 BTC1.30%
0.0004137 ETH0.54%
ALGO/BTC bullish breakoutALGO finally broke out of the descending trendline, we are looking for a potential x2 midterm. Patience is a virtue. A retest of the trend might be expected. This will remain positive as long as we don't have any dump on BTC side.
Please do your own research and analysis, this is not a financial advice.
Algo BTC TargetAlgorand is a blockchain-based cryptocurrency platform that aims to be secure, scalable, and decentralized. The Algorand platform supports smart contract functionality, and its consensus algorithm is based on proof-of-stake principles and a Byzantine Agreement protocol. Algorand's native cryptocurrency is called Algo.
