Hi TV People, Suspect we get a pump back between 59-61k and then another sell off, which looks like we get a H&S pattern. We most likely get a sell off, and people fearful of 37k sell, but suspect we never reach that low. Tremendous support in the low to mid 40k range with moving averages from the daily (I am showing 4 hour here because H&S looks better on...
Sometimes you just look at the chart pattern. And something is going to get squeezed, and it will be LINK, in our favor. Targeting somewhere in the $40-$50 range. Great idea about this is that a break below $26 and we can all get out scott free. Best of luck trading and stay safe.
Beautiful inverse H&S. Looking for that $350-ish for potential sell or consolidation.
...but there is something that just tell me we sell off into middle to end of february/ early march, and this is one such scenario where essentially bitcoin kills the bulls and then eventually creates a pattern to get the ride going to $60k, $100k, and beyond, like an inverted H&S. That being said, if we cross resistance, above $35-38k ish, everyone can ignore...
Never tried the product, but like the chart, assuming we can consolidate between $20 and current price levels. If we break $26, I suspect a longer term breakout to the upside. Best of luck trading.
If you are a LINK fan, the stars are aligning to buy and get back into it as it looks like it has hit a consolidation zone and moved off the lows in comparison to BTC. Best of luck trading.
Hi All, we all frothing? Scared to sell? I know I am.... Stepping back for a minute... I believe we are in the 5th wave of the greater overall 3rd wave for bitcoin. Funding rate at year end of 2020 was very negative and it appears we have gone into a bit of a short squeeze. I believe that we will correct to about $16-$17k once we have peaked, of which I believe...
Hi all, LINK on the weekly does not look like it is going to magically pump anytime soon. I would recommend waiting for BTC and ETH to sell off of which point LINK will almost assuredly sell off as well. If can grab $LINK around 8.50-9.50 this will be an ideal place to consolidate and move up in Q1-Q2 2021 timeframe, targeting a move to around $40-$60. Best of...
Hi all, got a descending triangle on our hands on the 15 minute. Being that we are in a holiday period and trading volume is not what it will be in Q1, I can see a pattern playing out and accumulating in the high 23,XXX range before the next movement up. This could also benefit alts to start an "alt season" while BTC gets a little nap. That said, I still am and...
Merry Christmas everyone. Before I write what I write, just know I am holding the most of my position - we are in a bull market and in bull markets, unless you are an expert, I personally recommend not selling. I might be looking downside short term, but there is no reason to sell in my opinion. OK, on with it: Could it be that easy? We got a Christmas pump this...
Simple support analysis structure shows that we may be at a bottoming point for ETH compared to BTC and a 4 month time horizon may show sizeable gains when comparing the two cryptos, with ETH outperforming BTC. Best of luck trading.
Why? Because we need to think bigger, and why not? We are about to go into a monster bull-run and LINK is surely to be one of the big winners. Not saying allocate everything, or go long. But we are potentially set on a trendline which is on a beeline for $1,500 to $2,000 within a year from now. Why? What does LINK do? Who cares. Just buy and hold.
Looking at previous ETH bull-run (remember, there has only been 1) and looking back at BTC and what we may be able to expect. Often times alts run a little hotter than BTC and therefore I expect a run to about $27k (about a 55 to 60x return) over the course of the next year. Best of luck trading.
Looking at monthly chart reaching all time high and seeing the explosion that takes place. Each explosion becoming less explosive than the last. Taking that into account, I think a fair target is $280k within a 1 to 1.5 year timeframe. For the day traders and the short term swing traders, maybe just buy and take a year off. Also, for all the bears, who are...
Keep it simple. ETH Bull flag. $490 target, then $650 ish. BTC on bull run, ETH 2.0 news coming soon (eventually?) and going to pump ETH. Stick with it.
Just stepping back and looking at LINK on the monthly and it looks like a beautiful, bullish cup and handle. A chart to admire and I could not be more bullish (though it could make more of a handle down to $11-$13 before pumping more). Best of luck trading moon boys.
Crypto often rhymes and compliments other crypto. Many alts (namely ETH) had beautiful bull channels broken to the upside, and I expect BTC will do the same. Passing $20k will make the shorts close out in desperation and send BTC flying. Expecting... $27k? $28k? Something about there, and then most likely an ABC correction and consolidation (as low as $14k)....
I personally hope we remain to the upside, but something to look out for is a head and shoulders on BTC in the near term. This would send us back to support, at which point I would again be a buyer. Just leverage and spot buy accordingly with proper risk management which of course everyone on this website has no challenges in doing ;)