JimParis

#LINK What if Link could hold its support and melt up with #BTC

Long
BITBAY:LINKBTC   LINK / BTC
Bonjour/ Good morning,

1. BTC did break its YTD ATH (year-to-date All-time-high), a close of BTC above this level could trigger off another rally. It does not mean that we will not see any pullback, however my mainly target in BTC will probably be at the upside of the bullish channel .
2. There are two reasons I particularly like in Link price actions: Link is undoubtedly one of the best performance Altcoin this year + Link is also one of the Altcoins which could hold nicely its Satoshi value ( EMA 200 Link/BTC support, some wicks explosive to push the Link/BTC below EMA 200, however we still see Link manages to hold its Satoshi).
3. Conditions:
BTC needs to close its Monthly and YTD above 12k5 12k8, any pullback in BTC would be healthy to consider buying the dips. My expectation for BTC is as bullish as Link.
Link/BTC needs to hold its support around EMA 200.

Target BTC: 16-18k, eventually ATH again in Q1 2021. Thus, you can calculate your Link targets as well, IF AND ONLY IF LINK/ BTC remains above the EMA 200 and moves towards the EMA 21 in daily TF.

Risk: There are so many risks now in Equity markets due to negative news about Covid. VIX and DXY appreciations could impact Crypto markets, however as many people, I hope that we will see the decoupling between the Equity markets (US Indexes) vs BTC .

(Since March 2020, we have been experiencing a very strange situation that all three markets Equity, Gold and BTC are moving V shape together due to Money supply and Market sentiments.)

P/S: It is very volatile in Crypto markets, however if you don't trade much margins in Crypto, you should be or at least atm are very profitable with high YTD rate of return.
( #BTC, #LINK, #ADA, #XMR). #BTC KING IS RETURNED ?!

Thank for your sharing and comments. Welcome and thanks a lot for any Altcoins recommendation.

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