now as you can see, we reached to the first target:
Now reaching to the second targets are reasonable based on USD index and BTC dominance re gaining in short terms. All I do is monitor my own algo to see if the projected scenario is achievable and when is the best time to enter. Since last year and half (after listing LINK in Binance) I’ve got 15 signals on its price action, 1 went wrong and invalid, 14 went right! Win rate 93%. This is the weekly chart you can see the signal in the top before this 50% correction:
Do your own research my friends and have best trades.
We should wait for reaction in the key levels.
The bearish trend was so strong that one can hardly assess if it is a correction or next big bulls are coming. I see possibility of bearish moves in several zones between 12 – 17, if that leads to another HL it would be great!
Well the importance thing would be your risk tolerance. I think the possibility of drop to 3.5-4$ is significant. Retesting 7$ even more. So this would be a 50% drop and based on your size loss would be big, I think at least losing some volume would be wise. Hold any amount that when if we reached there you would not freak out! Calculate total amount of loss possible based on 7$ and 4$ scenario.
Holding some of USDT would give you the ability to re enter from dip.
Note that I'm not a predictor. You should be flexible and monitor constantly. This is a possible scenario.
I would like to sell half of my Link, based on a 7$ and 4$ scenario, but I have discovered, however, FOMO is a very big stress for me, and we are currently at a possible downside of the pattern. I will closely monitor the development and sell if the pattern breaks to the downside.
Thanks again for the insight and clues.