Hi All,
Another macro chart in the making.
This is an updated version based on a few key learnings I have come across lately.
(Refer to my BTC macro bullish chart).
LINK is one of the most bullish charts I have seen lately. Below are the daily and weekly charts to give you a perspective.
I will hold back on showing how I came to this charts formulation and as I want to be sure when all is said and done, the hypothesis is confirmed.
Anyway, I have been trading LINK since my LINK.BTC post and have done well because of it.
Besides being an exciting project the resent price action should keep people interested in trading this coin.
Please give me a tick or a like as an appreciation of this post.
Regards,
S.Sari.
The weekly\2D\Daily charts
My previous Macro structure post
Another macro chart in the making.
This is an updated version based on a few key learnings I have come across lately.
(Refer to my BTC macro bullish chart).
LINK is one of the most bullish charts I have seen lately. Below are the daily and weekly charts to give you a perspective.
I will hold back on showing how I came to this charts formulation and as I want to be sure when all is said and done, the hypothesis is confirmed.
Anyway, I have been trading LINK since my LINK.BTC post and have done well because of it.
Besides being an exciting project the resent price action should keep people interested in trading this coin.
Please give me a tick or a like as an appreciation of this post.
Regards,
S.Sari.
The weekly\2D\Daily charts
My previous Macro structure post
Nota
Just notices...potential to be a cup and handleNota
disregard the top, it wasn't a cup and handle formation, as a continuation formation but a symmetric triangle, a bull flag as 1 of 2 possibilities I said.Nota
I should have also mentioned the bearish scenario.Let me state, no-body knows what's going to happen next.
Looking at the bearish scenario, then this is the top for some time. Basically a reversal pattern. The next day or 2 will tell us.
Nota
Update on my observations:On the 2 hrly and 4 hrly, we have a bearish div. on the macd, meaning the resistance wont be broken and pull back a little.
On the 8 hrly, we have convergence on the macd.
Hence this trade is good in the after 4 hrs and above. As you can notice on the 4 Hrly chart, we have the 10\21 EMA ribbon, which is good for the cradle method. 2 touches confirms support, 3 dip, is to buy in.
I will slightly touch on the other indicator which shows that we are moving from away for the likely of a imminent drop. Looking at the 12 hr, its turning back to bullish, to confirm we need another 8 hrs.
I would not go long yet.
Nota
Not looking good. If bitcoin can hold 6700, so will LINK. Otherwise we lose momentum and go to 20.8Nota
not 20.8, 2.8Nota
BTC is going to the next level and its bearishNota
Nota
Link still bullish with lower highs and higher highs, upward trend using the 10, 20, and sometimes 50 Ema on the 4 hrlyNota
Patterns delivering their targetsNota
Just for my ref. macro structure lines
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.