LINK.BTC (Y20.P5.E1).Stalking this level

Hi All,

This post intention is like the previous post I did with ETH BTC pairing, to work out when will it be time to flip to the ALTs.

By getting a few samples, one should be able to ascertain how close we are to that scenario, while BTC ranges between high 18K to high 19k.
And just like the previous ALT season, towards the end of BTC final big move, the ALTs pretty much hit their targets and if I recollect, BTC dropped from 12 K to 10 K.
Not surprising because when we flip to the ALTs, it takes volume and momentum away from BTC.
Its possible we will have this repeat.

For now, looking at the weekly LINK BTC pairing chart, with log settings turned off, we can see the price is approaching the 0.618 retracement or the 0.318 fib level.
I have confidence there will be a bullish divergence in the making on the weekly and the Phoeix indicator is showing this.

As for the other indicators, we have the histogram on the MACD and we have the Stochastic hitting bottom, all showing signs that the fib level could be it.

Is it time now, no!,,, Is it time to start accumulating from some of those dips.... I think so. I know I am.


On the 3 Day chart, we can see bullish div. with the MACD.
We can also see the Red RSI on the Phoeix starting to curve upwards.

All the best,


S.SAri

Comment:

Looking at LINK against ETH, it seems LINK is soon to make a reversal based on the fib level, and indicators. We could at least expect a bounce or bullish candle on the daily.

Comment:

It looks bearish, another leg down.
Alt season to be delayed