Hi, guys this analysis active when the price break the blue line and stable on top of it and then you can buy for those targets.
be careful market has in a little risky because of the condition of Bitcoin but if you are risky after surely break the line you can take a long for reaching another profit in this currency
TP1 short term
TP2 long term
A plain and simple comparison to an early chart of ETHUSD price movements around March - April 2017 can indicate that a similar path could be followed by LINKUSD and I would not rule out potential for parabolic moves higher in the near future.
Such path followed by ETHUSD which surpassed the given Fib Extension level of 4.236 would give a potential target of ~90...
BTC dominance is showing significant signs of bullish divergence on the 1 day. This combined with the fact it's heading into a weekly demand/support zone (green shaded area) is pointing towards capital flow back into Bitcoin from the altcoins.
Personally I have decreased most of my altcoin positions already and am happy to sit in BTC or USDT if there is a...
While BTC has a cool off and consolidates before its next move the Alt coins get a opportunity to shine .
Here we have LOOM which has had a nice run alike many others but dont threat if your not in any position because there is always an opportunity to align yourself .
There is not 1 coin which doesnt or hasnt given every gain back and Loom is no exception...
It was evident on the 4 hour we were making micro lower highs and lower lows, so I zoomed into the hour chart too see how it was looking
We could have a bull flag forming with the end result still up
But in the leg up the flag will allow us to clear some lower levels - which would be bullish
Just some ideas of example price movements shown with the path still...
I only have a couple of Altcoins I am interested in right now and that is ANT and TRX. TRX is performing and conforming perfectly right now. It appears as though we are about to breakout quite signifcantly. Stay tuned to Trade Ninja :)
So I got stopped out of my previous short trade on BTC, Previously I mentioned that we could bounce strongly from the 30K, then we formed a mirror pattern and I said again we will bounce strongly from here. After we shot up close to weekly bearish candlesticks and 40k resistance I took a short (a little premature in hindsight) but it is what it is.
When we broke the correction downtrend we retested the downtrending line twice
Usually this would only happen once, indicated low momentum
Once we claimed $34.5 it has been very cleanly upwards
Formed a bullish flat top triangle also, break of this using the measurement method would take us perfectly to the purple line which is the 2.618 fib retracement of the...
My outlook on bitcoin has stayed the same, I am expecting a move down to 13k. Can we form a double top?Sure but the longer term positional trade is at 13k. Today it looks like we are meeting a little resistance. Lets see if price starts to turn in here or blow past it completely.