Hi All,
With LINK breaking below a key level 0.5 fib level, and Bitcoin about to surge up more from the drop this morning, I think its logical many ALTs will either hold or drop to another level, hence the LINK scenario.
To short requires some ground rules but so far, its setting up well for it.
Indicators still show downward pressure. No better place to find support with confluences on structure Wedge, double bottom and the 0.618 fib level.
This might indicate where most of the ALT season is at.
All the Best,
S.SAri
With LINK breaking below a key level 0.5 fib level, and Bitcoin about to surge up more from the drop this morning, I think its logical many ALTs will either hold or drop to another level, hence the LINK scenario.
To short requires some ground rules but so far, its setting up well for it.
Indicators still show downward pressure. No better place to find support with confluences on structure Wedge, double bottom and the 0.618 fib level.
This might indicate where most of the ALT season is at.
All the Best,
S.SAri
Note
Note
Looked at the short time period...seems to be a bullish divergence, including pairing.Not to short, yet.
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Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
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.