I do believe that the long waited altseason is close by. This is how it is likely to play out in my humble opinion. I am excited to fill my bags on that weekly support area!
All the best,
I think we have a quick potential long setup here. I would not call this a high probability setup thus we want our entry to be as close to our stop as possible. Still I have reason to think this is a valid long setup before flipping sides and shorting!
LINKBTC is one of the few pairs that is actually bullish in crypto markets. So I would suggest to take a long position on this pair. No stop order for this one, adjusting position size to compensate risk.
Here I have laid out two potential bearish scenarios how this current equilibrium pattern could play out. We can find trades on however it plays out. Keep cool, be patient and wait for the setup to show itself!
Observing BTC here, we have a potential pivot in this area that could potentially get the price to weekly support levels (Which will be an excellent opportunity to buy! - More on that once we get closer to the level.)
I'll post a potential short entry for this trade soon!
Hello again friends!
As promised here is a potential long setup for the climax. It is VERY important to have a stop order for this one, if filled. Also it is best to be more conservative when taking profits, things can flip from greed to fear rather quickly!
Good luck my friends!
So BTC goes parabolic, what else is new?
Question is where is the top going to be and can we find any opportunities in this move.
Given the current pace (I don't think we have seen the top yet- so do NOT short the ponzi! ) the most likely area is going to be 0.78 fib level. I would recommend to observe that area very carefully - it will be...