LINK/BTC - Marines are moving in on the target
I am not a LINK marine. Never fall in love with any of these 'coins'.
With that said:
ARGUMENT:
LINK is one of the only 2017 coins still going strong, rabid community behind it, and on a loose leash from BTC movements for the most part.
With Web 3 in late August and some other thing in September, there are two good 'stories' to act as cover for price moves up. We seem to be making a higher high here too.
My thinking is that it will get to either 25 sats or 28 sats before cooling off a little. Would look to reload at 20-22 or 24-26 sats. Then we see a slow climb up for the rest of the year until EOY.
INVALIDATION:
If Web 3 turns out to be a meme and this gets dumped back down to 18 sats.
When every idiot on 'crypto Twitter' has the same idea, it is usually the wrong idea. So it's possible this won't live up to the hype and will 'I told you so' back down.
If that happens I will *sell* my position at 22 sats and be looking to buy back gradually up to the hard support of 16 sats.
It's not going lower than that this year.
With that said:
ARGUMENT:
LINK is one of the only 2017 coins still going strong, rabid community behind it, and on a loose leash from BTC movements for the most part.
With Web 3 in late August and some other thing in September, there are two good 'stories' to act as cover for price moves up. We seem to be making a higher high here too.
My thinking is that it will get to either 25 sats or 28 sats before cooling off a little. Would look to reload at 20-22 or 24-26 sats. Then we see a slow climb up for the rest of the year until EOY.
INVALIDATION:
If Web 3 turns out to be a meme and this gets dumped back down to 18 sats.
When every idiot on 'crypto Twitter' has the same idea, it is usually the wrong idea. So it's possible this won't live up to the hype and will 'I told you so' back down.
If that happens I will *sell* my position at 22 sats and be looking to buy back gradually up to the hard support of 16 sats.
It's not going lower than that this year.
Trade active:
Update: Set a stop at 21 sats to cover myself from the downside of any further sell off...
In 2017 I got stuck in LISK after rebrand news didn't pan out for months on end - not making the same mistake with a coin with almost the same name :D
In 2017 I got stuck in LISK after rebrand news didn't pan out for months on end - not making the same mistake with a coin with almost the same name :D
This is the only situation where I'd be able to stay in the trade and potentially benefit from any upside, looking at current chart action.