LINK/BTC - Bull Flag Breakout!

Hello Future Millionaires!

The market has blessed us and I am so thankful for the abundance! LINK/BTC is still looking bullish!

Looking to long this bull flag for a final profit target at the top of the measured move.

Nothing fancy, just simple support/resistance and pattern trading!

Have a wonderful Sunday fun day and great week!

Follow us now to stay up to date with life changing technical analysis strategies!!!

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Guide to My Charts
-The horizontal purple boxes of peace and prosperity are support/resistance 'zones'. If price pierces through one side, then it is likely to head toward the next support/resistance zone or line.

-The purple lines are support/resistance lines.

-Yellow lines are typically used to chart out pattern formations on the daily and higher time frames. Skinnier red lines may are typically smaller time frame trends (like 4H and 1H).

-The colored lines are MAs (Red: 10 simple, Yellow: 21EMA, Green: 55EMA, Blue: 89EMA, Grey: 200EMA, White: 200SMA, Maroon: 377EMA.


-Horizontal white and green lines may be Fibonacci levels. The 0.382 and the 0.618 Fibs are green and the rest are white.

-The Historical Volatility Percentile (HVP), RSI, and/or stochastics indicators are below the chart if displayed.

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Please leave a like and comment if you find value in this post! It is a really quick and effective way to show your support!


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This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my trade ideas and are intended for educational purposes only.

Comment:

These are the targets I'm looking at! Yeehaw, so much fun!

Entry: 0.00074373
Entry Zone: 0.00073825-0.0007600

T1: 0.00076900
T2: 0.00078600
T3: 0.00081500
T4: 0.00083420
T5: 0.00084500
T6: 0.00085400
T7: 0.00086500


Stop: 0.00071709

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R:R: 4.55
Risk: 3.58%
Reward: 16.31%
Leverage: 7X
Leveraged Risk: 25.06%
Leveraged Reward: 114.17%

Comment:

Very thankful for the abundance the markets have shown us! Let's go bullz!!!

T1: 0.00076900 - HIT (23.78% Gain)
T2: 0.00078600 - HIT (39.78% Gain)
T3: 0.00081500 - HIT (67.08% Gain)

Comment:

Patience is key to successful trading! I waited for this setup to come to me. had it now, then I would not have entered.

See how well the purple boxes of peace and prosperity acted as support/resistance? Very, very powerful charting Kung Fu! It took me many months of charting support/resistance to get this down!

Money flows from the impatient to the patient!

T4: 0.00083420 - HIT (85.15% Gain)
T5: 0.00084500 - HIT (95.32% Gain)

Comment:

T6: 0.00085400 - HIT!!! (103.79% Gain).

Comment:

Look how well price respected the purple boxes of peace and prosperity (AKA horizontal support/resistance zones).

Never underestimate the power of horizontal support/resistance!

Comment:

Nailed the target!!!

Trading is such a BLAST!