a1mtarabichi
Long

LINKBTC C&H confirms BREAKOUT volume low

BINANCE:LINKBTC   ChainLink / Bitcoin
CUP AND HANDLE ON LINKBTC , PERFECT OPPORTUNITY FOR A QUICK SHORT.


Target exits not set, this is a much better LONG position to take IMHO.

As for you lower EMA + day traders, TAKE YOUR PICK AS THERE ARE DIFFERENT EXIT POINTS...all depends on how greedy you are!

THIS IS MORE LIKELY TO POISE ITSELF AS MID-LONG POSITION CONTINGENT ON VOLUME ACCUMULATION, which is relatively LOW atm...BUT AS OF NOW IT'S LOOKING LIKE A LONG




  • Link has always been one of my favorite coins; great project, solid devs...roadmap legit.

  • TARGET TP1 && STOP LOSS ARE REPRESENTED BY THE GREEN/RED LINE ON THE CHART

Trade Safely; take a deep breath, always THINK!



There's a saying a trader said to me back when I first started learning that's always stuck with me & is in my 10 crypto commandment post if you've read it: "Trade with your head, not your gut."

Nothing could be more true in my experience as an investor/forex EMA (primarily 21, 50) swing-trader. It's always the decisions you make with your gut that end up hurting the most. ALWAYS go with your head, not your gut...unless your head is 50/50 split; in which case your gut is all you have.

Enjoy.

-mT

*DISCLAIMER

None of this is financial advise; if it were you'd be paying me & I'd be protected legally. But it isn't, so instead you're left to your own devices with your own assets. If i were you; I'd take my advise. Not to brag or sound cocky, but my track record speaks for itself. However, never invest more than you can afford to lose. This should go without saying. There's always an anomaly that can't be predicted & it had a tendency of coming at a time when we need the money most. So don't get greedy!

With that being said:

Have a wonderful evening everyone! Peace & Love.

-@a1mTarabichi
Trade closed: target reached: We are good to close or keep HODLing if you’d like either way the $ROI is secured; RSI and SQZ confirm bullish continuation —- stay tuned.
Trade active:

As projected the cup and handle lead to the parabolic movement giving us a new indicator that is the inverted H&S. This is not done not by a long shot I will update later with targets for short-mid.
Comment:

Some might have been confused by my last analysis; I wasn't referring to the short 45m chart I posted when I referenced the inverted h&S I was referring to the 4h chart above...further validating what I was trying to say from the very beginning: this is a long position and I'll update targets later.
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