It's Monday, fresh start of the week.
Before we make any trades for the day/week, always best to look at BTC first as it affects ALTS crucially.
BTC seems to have bounced from the lower level support of the symmetrical triangle. Looks promising that it also bounced from the .236 Fib level.
If BTC stays in the triangle, it takes 5 days until the next decision point and we can look for either a breakout or breakdown.
Of course, it could happen that it breaks out of the triangle before that, watch closely!
But for now, this looks good enough to take some trades on ALTS with a stop loss and some more screen time during the day.😉
Before we make any trades for the day/week, always best to look at BTC first as it affects ALTS crucially.
BTC seems to have bounced from the lower level support of the symmetrical triangle. Looks promising that it also bounced from the .236 Fib level.
If BTC stays in the triangle, it takes 5 days until the next decision point and we can look for either a breakout or breakdown.
Of course, it could happen that it breaks out of the triangle before that, watch closely!
But for now, this looks good enough to take some trades on ALTS with a stop loss and some more screen time during the day.😉