My analysis on ALGO is pretty much the same as my BTC analysis. Bearish triangle. After this triangle we’ll probably fall into a five wave pattern to the downside. I’ll be taking up a short position once the E wave has been confirmed. (At the bottom of the pattern) just in case I’m wrong. If this pattern plays out, I’ll be able to catch it from the beginning of wave 5 and ride it down. Because when BTC breaks support there will probably be a big fear selloff.
Remember in the time of a Bear market this is when you can get rich. You can accumulate more for less. But wait till the market is chilling out. You don’t want to be buying the dips that keeps on dipping. At least I don’t.