this is my first public analysis. These 2 years in crypto have learnt me to focus on simpler strategies and to detect the right moment for entering an interesting positions.
Bullish triangle in a form, maker higher lows and waiting for breakout. According to my patter I would wait for this bullish pattern to confirm by breaking out of the zone.
I would appreciate your comments on the idea.
Many thanks and happy trading!
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Everything going according to the plans for now. We are still waiting for the perfect moment to entry the position.
Trade active
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Trading should be active by now. LINK broke the triangle. Alt season seems to started. There will be probably few more dips (around 30% corrections) before it reaches new highs and break them.
Nice chart. We will have to wait for it to play. what would be the upside potential once it pops?
CroCryptoTrader
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@ansariyakub, hi and thank you for your comment!
Yes, we should definitely wait for confirmation. However, if that happens, my first target would be below previous highs for certain percentage of trade. Let's say around 16.79$ for 60% of trade. If the market is bullish in that moment, I would definitely try with more risky strategy and let the 40% for the ride to the new highs with the stop loss somewhere in a fat profit.
Learner_Chartist
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@CroCryptoTrader, Thanks. If BTC is stable, I am confident Link will pass its previous high. Also it seems the next Alt Season is on the way soon.