Historically, LINKBTC comes right back to the bottom of this pitchfork on corrections and it is entering this zone right now.
A good buy zone represented with the violet box which goes from approx. 0.00077 and 0.00053. Distribute buys thoughtfully.
This is my research and not intended as financial advice.
- Nearing the 200-day MA which historically hugs the bottom of the correction (pitchfork)
- Fib. 0.786 around the same level and a move to this level wouldn't be unprecedented
- RSI is already @ 30 and for the price to go lower it would have to step foot on lower levels where it has never been before (anyway, possible)
A good buy zone represented with the violet box which goes from approx. 0.00077 and 0.00053. Distribute buys thoughtfully.
This is my research and not intended as financial advice.
Comment:
Comment:
Imo this depends mostly on a low volatility for Bitcoin. If Bitcoin goes crazy up or down this scenario will mostly be invalidated pretty quickly. Anyway it's an idea to keep in mind.
<(º.º)>