TradingView
Mrbruno
Jul 16, 2020 6:31 PM

A possible flat Short

Chainlink / U. S. DollarKraken

Description

All though this rally is getting very extended, there is lots of confluence showing that link is in a flat, specially with the high volume spike that we're seeing (which typically occurs at the end of a 5th wave move). Alts are looking like trouble! Will investors get fooled once again, being left with literally worthless bags?
Comments
CryptKeeperAZ
Thx just bought 10k more
boeing787
sorry, i am not expert,, what do you mean is flat ? possible crash or what?
Mrbruno
@boeing787, an expandad flat is an Elliott wave pattern. A 5 wave move impulse should follow from here, so yes, i'm expecting link along with the whole crypto market to crash. Check out my bsv analysis too
boeing787
@Mrbruno, thanks for replying, why do you expect the crypto market to crash?
jh6789
@boeing787 yeah, the market is on bullish now. I don't know why he said it crash
radday55
@jhoang6789, just another doom and gloom invest with dip's and not the dip sticks :-()
More