LINKUSDT - Another leg up on the 4-6 hour. Quick trade.

I am leverage trading this ticker on Futures contract
My next target is at the 1.5 fib level since we came down to test 0.5 fib level to consolidate.
Could go higher or might not hit 1.5 fib level to the cent, dont be greedy and take your profits when you can.
Remember to always watch out for BTC performance too.

Happy trading/investing

Trade active:

5.70 is support, been tested 3 times already and still been holding pretty well. We need to check if this level continues to hold. If we do break bearish from this triangle (I wish not), then we could come down to 5.2. I am still playing this in favor of a bullish breakout since we are StochRSI oversold on the 4h, 6h, and 12h timeframe. I still foresee a bull break but just be careful, it can go either way.

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And we broke Bullish as expected. So let this things ride and enjoy. if this doesnt ride up to 7.5, expect a lower high (lower than 6.5) to form, and another consolidation and then another leg up. You know the usual shebang..

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As expected a lower high formation on the 4h will take place to prepare for another leg up which is very normal. We need to see some sort of support on the 20EMA on the 4hr chart for confirmation of a strong upward movement. I expect the support should hold. On the 12 hr, daily and weekly are still very bullish. Like i said, I trade swings, this is a very strong buy on the weekly chart as we broke all ATH on this pair on binance. this could run up to even digit such as $10, $12, $14 etc. Just take profits when you can and dont be greedy. stop loss always in place incase BTC reverses dramatically on us.

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With how strong the bears are on the shorter timeframe, I am starting to get alittle worried. The stochrsi on 4hr just turned bearish.We might be forming an inverse head and shoulders so there is still hope short term. support now raised to $5.9 however, im still very bullsih mid-longterm!

Comment:

As expected as per my analysis, a lower high o the 4h chart just formed. This is very bullish once we break 6.5 top

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Im happy with the accuracy of this chart that I had predicted. I am convinced we will hit 10 dollars or even higher by next week.

Comment:

buying in these lows now will be a good entry for the 4hr and 6hr. I entered at 7.22

Comment:

The bears are really really fighting to bring link lower! the bullish energy isnt as strong as we had few days ago...so take profits as soon as you can and cut your losses very quick

Trade active:

Look for Psychological targets, $10, it might not hit it to the cent so i would definately place a sell order like $9.7 just so you wont miss out on most of the run and at the same time take out your profits

Comment:

I have to admit, right now, its the worst time to know what you should do. go long or go short. usually wave 4 are the most complicated. if you have not already entered from early $7.20 -$7.25 i would recommend that you do not enter until you have a clear cut sign that there is an upward movement. I personally HATE wave 4!!!

Trade closed manually:

I sold my positions. its a short from here. looking to get in at approx. 7.4

Comment:

Something that I have to note here: FORCING A TRADE TO HAPPEN IS THE WORST THING YOU CAN DO TO YOUR POSITION. I got burnt really bad because i was forcing a trade to happen last night after selling my LINKUSDT position. i got kicked in the mouth badly. Instead of waiting for a clear set-up to happen, then enter. That should have been 1) wiser 2) safer 3) guranteed success

Comment:

I am still mid term long for the final 5th leg up to around $9.3 - 10 dollars since the 12 hr on stochrsi and daily chart still have alittle room to grow. on the 4hr we have a cup and handle formation which could break the resistance of $8.30 for another 15% swing high.... if you are happy with your position already and already have entered from the time i told you then I say take your profits here and wait for an A,B,C correction wave.

Comment:

will enter when we get a major correction. its just a matter of time.

Trade active:

I am in this trade upto $18-20 before I expect an ABC correction!