LINK - A brief analysisQuick one this morning.
"Sometimes good things fall apart so better things can fall together." - Marilyn Monroe
LINK was once a monster, with questionable merit granted, but the numbers don't lie.
Since it's peak we've seen steady declines. Historical support was just smashed through the other day.
I'm predicting further declines. LINK tends to trade on fib levels, the ole' self fulfilling prophecy, so below $8 I'd start eyeing the buying.
We're also seeing a pretty steep downward channel being formed. Breaking out of this around the buy level would be my trigger to make a move.
BUYING IN?
Not right now. Clear downward channel and not enough signs of a strong reversal. Recent historical support broken and like it's fib levels so this is probably just a stop on the overall drop today.
When I do buy, I'd be aiming around 12.25 & $16.75 for TP points. Though I don't expect miracles here: LINK has come back to earth with a thud and I would be surprised if it didn't scare a lot of the more sensitive folk off.
Good luck, be safe, and have a great day.
Broken
#DECENTR this can double your money in few days ..10x in 3monthsYou can double your money in few days.. Recover the losses from this BTC/Alcoins dip.
This coin in Poloniex DECUSDT (#decentr)
Very nice days coming for this coin, very good project:
- only 61 mil coins now ...possible #dec staking is announced & a massive amount of 61m circ supply is locked away.
- possible Binance listing, is not yet tradet on any big exchange
- Q1 2021 mainnet ( the team si ahead of schedule already) ... until end 2020 possible over 1$ ...that's like 8-10x from now (1.38$)
1. By TA side we are about to cross bullish MACD on 4H chart
2. We are @ support area, maybe we will test one more time (if BTC goes to 9600) and then up we go
3. We are @ fib 0.786 from previous high
Take a look @ this guy... From him I discover this coin... twitter.com
We can test in next days resistance area @ 0.26 that's like 2x your money without any leverage
Just search #decentr on twitter to find out what people say about this project.
Cheers!!
Bajaj ElectricalsBajaj Electricals.
Broke out with volume followed by a bigger volume on second day.
Now stock retraced back to 9day EMA with reducing volume and had a green candle on Friday.
Since the height of triangle for hit and retraced now the target cab be 520 levels
(466 - 378 = 88)
480 + 70 = 550
Pivot at 527 which could be the target for this proposed move.
Example of Volatility Futures Dictating the Market, AgainCurious why there's a hold-up?
It's S&P volatility, once again. It is weird though; don't see much "volatility" at all.
What I have seen many times throughout this rally is that VX futures hold back the market from moving, and it is both strange and boring to watch.
Seems Fibonacci exists everywhere, especially in the Vix-ish domain. The idea that the cross between laughably random EMAs may seem like a joke, but it is not.
TradingView does not have hourly calculations, but this is close enough. Investing.com has precise measures, so you can watch the world's most boring show there if you are uncertain about where the market is heading.
Just going to wait for the crossover before celebrating because I have seen this story drag on unnecessarily long too many times.
CBOE:VIX
SPCFD:SPX
ETC Broken through Resistance - Heading Up?Hi all,
Take a look at Ethereum Classic busting through resistance levels! We've got upward support gaining strength and if you're not Long already, we'd put an order in at $6.375. Follow this trade up with your stop along the green support line. If we drop back into the upward triangle, it won't be long before we're trying to bust back out the top!
Watch this space!
Good Luck & Happy Trading
theCrypster
One of history greatest rektageTravelling back in time to the 19th century, the time of railroad bubbles.
Back then the corrupt government would make laws that prevented legitimate capitalists from fairly competing and trying to provide the greatest benefit to society, to instead let friends of theirs have a monopoly and charge honest citizen whatever they wanted to. (I will make a separate idea on this later maybe tomorrow).
In 1857 he ended in a fight to gain control of the New York and Harlem Railroad, one of the only two lines with direct access to Manhattan and had some unique advantages.
He later explained that he wanted to show that he could take this railroad, which was generally considered worthless, and make it valuable.
Can you guess what happens next?
And this is how corrupt council members and crony capitalists got rekt beyond belief.
I assume Cornelius Vanderbilt had a personal army as security, to prevent him from hanging himself.
DENIED But still bullish! - Bitcoin BeatsHello, Hello, Hello,
And welcome back, to Bitcoin Beats.
Yes. We got DESTROYED by the Chinese whales. Yes. I WAS bullish yesterday. BUT. I also said NOT to long until we CLOSE the daily candle outside of our resistance line. Because, AND I QUOTE "This could still be a trap here".
So I hope you're all having a great day, we have evidence here that we are more bullish as we haven't even wicked over that resistance line since $14,000 so there is hope and I am still very bullish to get to the next area upwards but this is still a rejection and we could head down from here in the short and medium term. For continuation upwards we need to either consolidate this area or bounce hard from $8500.
Thanks and Goodbye, From Bitcoin Beats
INSBTC Breakout it's never later every morning comes with possibility
Entry : 230- 235 , small amount at current price 238
Stop Loss : 5%
Target : 5% , 10% .. Open
#BITCOIN has broken the TRENDLINE. #BTC $BTCBitcoin has broken the TRENDLINE today that we have since the beginning of the run up.
I think over the comming month we can see a correction to the boxes below.
Targets are:
$8500 & $7400 : In this range we have CME gaps that needs to fill. If the gaps are filled is there a possibility that we can see slowly grind up again. Also a box for a retest of previous tops and downs. Or we are on a way to test lower.
DONT FORGET. Halvening minus 300 days away. Be happy that Bitcoin is getting cheaper. In the future you are not getting this chances to get so cheap BTC!!!
Another target
$6200 & $5800: This region is a way way back. That is for sure. But its not bad to retest that region because we are pumped through it with no test back. It will also be very great for alts that
bitcoin needs to cooldown. ALTS up for grinding new money and them BOOM fresh money for buying BITCOIN. So be positive about dumps guys.
EVERY SATOSHI is a investment for the future that can make you RICH ( or not :P )
Goodluck!
This idea wil be up to date
USDCAD 2 year trend BrokenPrevious idea for a bounce off the trend did not work. Trend has now broken on the weekly. could be a bit quiet this week (or even move up a bit, as it's very oversold on lower time frames) , but we should start seeing more movement south when/if it refuses to get back in to the trend.
CADCHF SHORTCADCHF is below a day resistance and below the 30EMA, It has also broken the uptrend and has retested. Short in my opinion.
Note: I've made a youtube channel that does not yet have any content but at some point in the future i'll be uploading videos about my trading journey and some educational content if you'd like to subscribe now and be the first to see it when i upload. Youtube: Flynnex