The month of September {The year prior to the historical exponential bull year of Bitcoin} is TYPICALLY a bearish September. The reason for this is for Bitcoin Maximalist to accumulate more Bitcoin via Altcoin/ BTC pairs (as explained in the video). The Red RSI has made contact with the Green Line WHILE the Green Line is going down in the 9-Day Time Frame. This is NOT a good sign for LINKUSDT in regard for a higher high. To the contrary, we will likely see a LOWER high and fall to a LOWER low in my opinion. Especially, since this is the bearish month of September before the year of a Bitcoin Exponential Bull Run. I'm labeling this publication as a "SHORT" position because of what is likely to occur once the White Energy in the 9-Day Time Frame crosses below the 50% level on the current 9-Day Candle or the next 9-Day Candle that begins August 31, 2020. Yes, it's POSSIBLE to continue going a little higher to lull in margin longs just before squeezing those longs with a quick decline in the price action beginning in the month of September. Again, this is my opinion... I'm not responsible for trade decisions by others based on my opinion.
Stay Awesome!
David
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UPDATE:
I'll provide a video publication update for LINKUDST as soon as I complete the one for ADAUSDT.
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UPDATE:
New LINKUSDT video publication currently uploading. Once uploaded, I'll create a title and add a bit in the description before publishing. This may take up to 10 minutes.
I think there is more accurate comparsion LINK today with ETH on 10th of april 2017. Look at 12h LINK and 12h ETH. Turn on 20 and 55EMA. Watch how similar this price action is and even if you go even more back on eth chart you will find similarities on LINK too. ;) This may be only me who is seeing this but until today i noticed very very similar price action. IF so, in 70-80 days we may see LINK at 160 dollars. But i may be wrong, not sure until similarities ends. It will end if LINK will continues down
Thanks for sharing your opinion with the community, Mate! ; )
I've looked at what you are referring to. I do see a remote chance of what you're referring to occurring. However, I have to respect what I'm seeing in the 9-Day and the month of September historically before the following year of exponential bull run.
We'll find out soon...
Till then... Stay Awesome, Mate!
; )
aBitLong
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Ok - so if I can remember what I posted - hope it wont get deleted this time :) Will send as message too just in case...
Firstly - Many thanks again for sharing your perspective.
After watching your videos and analysis for the past few weeks, I have had time to see how they play out and am super impressed. I think the way you have adapted Wyckoff system is genius. I cant say I fully understand but am trying to find the time (family life is hectic at the moment as its holidays!!) to get my head around your indicators.
On another point, based on your comments, I'm wondering if closing a percentage of alt positions in favour of btc over the next few weeks makes sense as it will provide an opportunity to scoop some dips. Obviously I dont expect financial advice, just interested in your perspective?
Many thanks as always
aBitLong
TheTradersAvenue
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nice!!
Sujina
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Thanks for the tutorial
Pollard
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This is definitely useful for some traders. Appreciated tradingview for this tutorial video thanks you <3.
reach01
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Thanks voor the update David. Much appreciated. Question: could it be that the sell off of a lot altcoins the past week already puts the maximalists in the position to accumulate?
aBitLong
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Morning David
Thanks again for awesome post.
Since I have been watching your videos and reading your analysis I have become super impressed with the way its played out.
You seem to have adapted a system brilliantly with your indicators - well done mate!
Considering your comments about September, I am wondering about closing a percentage of my alt positions over the next weeks in favour of btc. It seems likely that alts will bleed as btc begins to rally providing good opportunities to scoop up dips. I'm not asking for financial advice just your thoughts..
Thanks again
aBitLong