To me it looks like we have another good pullback ahead of us. Notice how low the red RSI is in the 12h time frame.
We will likely have some upward pressure lasting until the white energy comes back down and exhausts in either the 3 or 6 hour then switch back to downward pressure.
This is when we need to see consolidation instead of a dump. If it consolidates instead of dumping it would allow for the green line to get above the white energy and indicate a bullish reversal... but for now it looks like we still have a ways to go AT LEAST one more pullback will be necessary before things are set up nicely... in my opinion of course.
For now bitcoin is sucking up the majority of liquidity anyway so for alts to pump btc likely needs to find a local top.
Note: if you are just looking to buy some chainlink to hold a "spot" position i would recommend buying some to have in your bag on every dip (use dollar cost averaging).... these ideas are more for margin traders who need to find the safest entries possible. It IS possible we shoot up from here. Is it likely? no. but it is possible.
We will likely have some upward pressure lasting until the white energy comes back down and exhausts in either the 3 or 6 hour then switch back to downward pressure.
This is when we need to see consolidation instead of a dump. If it consolidates instead of dumping it would allow for the green line to get above the white energy and indicate a bullish reversal... but for now it looks like we still have a ways to go AT LEAST one more pullback will be necessary before things are set up nicely... in my opinion of course.
For now bitcoin is sucking up the majority of liquidity anyway so for alts to pump btc likely needs to find a local top.
Note: if you are just looking to buy some chainlink to hold a "spot" position i would recommend buying some to have in your bag on every dip (use dollar cost averaging).... these ideas are more for margin traders who need to find the safest entries possible. It IS possible we shoot up from here. Is it likely? no. but it is possible.
Comment:
Comment:
Small update. Lower timeframes are forming a bullish trend. It is important we see this bullish trend continue in the 6hour time frame as well as watch the red RSI in the 12h time frame. This will help us figure out whether to expect a small dip or good sized dip in the future. Id say right now its looking like we can expect a good sized dip as the energy in the 6h exhausts. Though things can change quickly.
Small update. Lower timeframes are forming a bullish trend. It is important we see this bullish trend continue in the 6hour time frame as well as watch the red RSI in the 12h time frame. This will help us figure out whether to expect a small dip or good sized dip in the future. Id say right now its looking like we can expect a good sized dip as the energy in the 6h exhausts. Though things can change quickly.
Comment:
Another small update. In my opinion it looks like we still need one more little dip to occur before the indicators show that we are ready for a safe entry on a long position to ride the next strong wave up. The things to pay attention to are the energy in the 6h and the red RSI in the 12h. I will be keeping this updated so be sure to click like so that you are notified of the updates.
Comment:
Update: Feeling the FOMO on that pump? Link is looking pretty strong but it looks like were are going to get our pullback at the energy in the 12h time frame starts to exhaust. Now depending on what we see with the red RSI in the daily time frame as the energy in the 12h exhausts we will then determine how long the downward pressure will last.
I will continue to keep everyone updated. We are getting close but need to be patient to find the right time to strike.
Update: Feeling the FOMO on that pump? Link is looking pretty strong but it looks like were are going to get our pullback at the energy in the 12h time frame starts to exhaust. Now depending on what we see with the red RSI in the daily time frame as the energy in the 12h exhausts we will then determine how long the downward pressure will last.
I will continue to keep everyone updated. We are getting close but need to be patient to find the right time to strike.
Comment:
longed here 2% stop small bet
looks like theres a chance we bounce here.... going to need to be watching the lower time frames to trade this. Going to be paying close attention.
looks like theres a chance we bounce here.... going to need to be watching the lower time frames to trade this. Going to be paying close attention.
Comment:
Comment:
what we see in the 90m is our confirmation if you want to ladder up a long it would be the red closing making contact with the green while the green is going up in the 90m time frame. why the 90m? because the red RSI in the 3h hasnt yet made it below 50 this means there is a good chance of a strong PUMP. This is why I said small entry now it is high risk entry with high reward. We can ladder in a bigger position later if we get confirmation.
Lower time frames will tell us if the reversal runs out of steam.
Lower time frames will tell us if the reversal runs out of steam.