On the above 2-day chart price action has corrected 90% from $52 despite the best efforts from the maxis. Missed my $3 target by a couple of dollars. Now is an excellent moment for long positions. Why?
1) The ‘incredible buy’ signal prints. On the 2-day, don't ignore.
2) Price action resistance breakout.
3) RSI resistance breakout. This is huge. 2 long years of resistance. The number of bulls on Chainlink during this period was incredible. Lesson, RSI resistance in play? DO NOTHING. You must wait for confirmation of a breakout. That is now confirmed.
4) Regular bullish divergence. 11 oscillators are currently bullish divergence across a 2-month period.
5) Lastly the 2-day BTC pair (below). For the last 2 years price action has been printing within a sizeable bull flag. 3 rejections from the upper channel whilst the above RSI resistance has been active. The 4th attempt will likely break through. IF that happens Chainlink will make a 2000% gain against Bitcoin.
Is it possible price action falls further? Sure.
Is it probable? No and no.
Ww
PS: not in this trade, you must ask for updates below, following Ww is not a strategy.
Type: trade
Risk: 6% of portfolio
Timeframe: You know, I’ve no idea.
Return: 500% and if $48 becomes support, we’ll look at it then.
2-day BTC pair
1) The ‘incredible buy’ signal prints. On the 2-day, don't ignore.
2) Price action resistance breakout.
3) RSI resistance breakout. This is huge. 2 long years of resistance. The number of bulls on Chainlink during this period was incredible. Lesson, RSI resistance in play? DO NOTHING. You must wait for confirmation of a breakout. That is now confirmed.
4) Regular bullish divergence. 11 oscillators are currently bullish divergence across a 2-month period.
5) Lastly the 2-day BTC pair (below). For the last 2 years price action has been printing within a sizeable bull flag. 3 rejections from the upper channel whilst the above RSI resistance has been active. The 4th attempt will likely break through. IF that happens Chainlink will make a 2000% gain against Bitcoin.
Is it possible price action falls further? Sure.
Is it probable? No and no.
Ww
PS: not in this trade, you must ask for updates below, following Ww is not a strategy.
Type: trade
Risk: 6% of portfolio
Timeframe: You know, I’ve no idea.
Return: 500% and if $48 becomes support, we’ll look at it then.
2-day BTC pair
Trade active
Support on past resistance confirmed with the BTC pair. A big move is in the post. Trade active
The weekly chart confirms support on past resistances. This is a sure thing.Note
70% move about to occur on LINK / BTC pair Trade active
breakout - the next move should be over $9Note
Thought the interweb would be all over this Life cross on the BTC pair, but not so much as a whisper.. Note
Holly Molly Chainlink is looking incredibly bullish. And I don’t even hold it.Monthly BTC pair
Trade closed: stop reached
Something very ugly has happened to market structure - this idea is no longer possible.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.