002. CryptPigo Play - Long Chainlink
Updated
Throughout the myriad of cryptocurrencies and ideas within the domain, this one stands out for a few reasons. Firstly, it is one of the very few bullish coins that has not seen a major Bitcoin melt-up since inception. That means that the integrity of the base is sound and all growth from here on upward is not linked to some prior area of support or resistance. This is very important because of what it means for future breakouts - there is no spot where the market can pin it. Thus, the potential upward movement is much more flexible, leading to more uncertainty and truer levels of support and resistance.
Secondly, it is still cheap. 10 dollars is a clear psychological level that, when broken, will most likely serve as major support for the long-term. I do not believe it will be difficult to break initially, either.
The momentum is building, volume is being accumulated and the prolonged base (we're talking crypto here) is pivoted in such a bullish fashion that it makes for a great buy at the orange consolidation level above.
How to play this?
I see two alternatives and neither are necessarily mutually exclusive:
1) Buy and hold for a year under 10 USD/coin and don't look back
2) Buy at the middle/bottom part of the price channel and flip at the top of the price channel. This strategy would have worked 7-8 times now, so it will continue to work
within this particular channel
It appears that the melt-up has already started, so no reason to hold back and wait for the 1000% daily moves to start happening, IMO.
- P Chainz
LINKBTC
LINKPERP
ETHBTC
Secondly, it is still cheap. 10 dollars is a clear psychological level that, when broken, will most likely serve as major support for the long-term. I do not believe it will be difficult to break initially, either.
The momentum is building, volume is being accumulated and the prolonged base (we're talking crypto here) is pivoted in such a bullish fashion that it makes for a great buy at the orange consolidation level above.
How to play this?
I see two alternatives and neither are necessarily mutually exclusive:
1) Buy and hold for a year under 10 USD/coin and don't look back
2) Buy at the middle/bottom part of the price channel and flip at the top of the price channel. This strategy would have worked 7-8 times now, so it will continue to work
within this particular channel
It appears that the melt-up has already started, so no reason to hold back and wait for the 1000% daily moves to start happening, IMO.
- P Chainz
LINKBTCLINKPERPETHBTCTrade active
MACD crossing bull on the 15 min, 30 min and 45 min. Once hourly MACD crosses, it's a buy confirmation, IMO.Trade active
Breakout incoming.Trade active
Wish I was more patient with my crypto. Anybody know of a method that can allow traders to become "investors" of crypto? Like, putting them in a vault or something?I have a terrible habit of avoiding drawdowns, so any legitimate method/advice is much appreciated (sold half of this way too early).
Trade closed: target reached
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