p1ng

ALGOBTC possible Wyckoff accumulation

Long
BINANCE:ALGOBTC   Algorand / Bitcoin
Dear 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.

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