LINK/BTC S.O.T May Chart-off week 5
Updated
Link is accumulating along an hourly uptrend to attack the 4 hour downtrend created. It also just broke a local hourly downtrend. I can see it breaking the downtrend and taking a nice jump up to the 15500 mark.
Buy - 13610
Target 1 - 14706
Target 2 - 15500
Target 3 -16522
Stop loss - 13235
**Legend**
Weekly - Yellow
Daily - Red
4 Hour - Green
Hour - Blue
Buy - 13610
Target 1 - 14706
Target 2 - 15500
Target 3 -16522
Stop loss - 13235
**Legend**
Weekly - Yellow
Daily - Red
4 Hour - Green
Hour - Blue
Trade closed manually
Sold on touch of the local downtrend.Sell - 13759
Profit - 1%
Trade active
Rebought the small retrace at 13660Comment
Broke out of the 4 hour downtrendTrade closed manually
Sold on a break out of the local hourly downtrend.Sell -14360
Total Profit - 6.1%
Trade active
Rebought at 2.5% lowerBuy - 13973
Stop loss - 13870 (0.7%)
Comment
Looking to close out above the hourly downtrend to take the next leg upComment
Closed out the hourly downtrendTrade closed manually
Sold on hourly break level @ 14289Total Profit - 8.3%
Trade active
It has now created a local uptrend will look to rebuy on itTrade active
Rebought on a dropBuy - 13898
Stop loss - 13730
Trade closed: stop reached
Stop reached for 1.2%Total Profit - 7.1%
Trade active
Flash drop caused a price drop in altsLooks like it has stabled out now
Rebuy - 13550
Stoploss - 13235
Trade closed manually
Link has created a local downtrend.I expect it to retrace a bit from here
Sell - 14110
Total Profit - 11.2%
Trade active
It broke out of the hourly downtrend when I was away fro my computer. FeelsBadMan.It has now formed a local uptrend supported by the longer uptrend below.
Rebuy - 14674
Stop loss - 14350
Looking for it to close over the hold so it can move onto the next target.
Trade closed manually
Sold on touch of the daily break level @ 14240Total profit 15%
Comment
See above comment sold at 15240 not 14240Comment
It has created a local uptrend.Looks like it’s going to back attack the4 hour hold again
Comment
Updated my uptrend and added in the new local downtrend that formedComment
It broke out of local downtrend this morning. Created a new local downtrend and looks like it is going to attack the global trend.
Trade active
Rebuy 13407Stop loss - 13235
Trade closed manually
Sold just over the 4 hour hold @ 13904Total profit - 18.7%
Comment
Note that downtrend is a 15 min downtrend.Just wanted to show it on the chart for reference as to why I rebought
Comment
Reacted as expected to the 4 hour.Started a new local uptrend and local downtrend
Comment
Broke out of local downtrendI can still see it dropping further tough.
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