Gainsville
Just another look at LINKLink looking ripe for a real screwed up season. We're sure to see bears take full advantage of the high RSI and stuttering King (BTC) and may try to hard short LINK.
Fortunately, the LINK community is one of the most die-hard, zealous groups of HODLRs we have ever witnessed.
Maybe with the right pullback -- I'm personally going to accumulate if the price goes below 20 at all -- the slingshot to EW move 3 can get Link Marines the returns they are hoping for.
Not advice, just practice and speculation.
We worked backwards with this EW prediction. Feels right, but as usual, most things depend on BTC.
The hard breakdown you see highlighted is a general rule of thumb. Breaking that median line and continuing downward is a bad sign, the opposite is true if it breaks upwards.
Never Advice. GLHF.
BANDBTC - UPDATE: Following Papa LINK?I took a look at BANDBT C a little while ago, we had some interesting moves today.
Market in general was pumping, BAND had some good movement.
Let's have quick recap, plus some things I'm seeing.
We're in a downward channel since the highs just before the dump.
We had hit what seemed to be the first solid support in a while. Though no real historic claim to that.
BAND tends to follow LINK. They are both security protocols, I think a lot of people conflate the two.
EMA 100 was bounced back to nicely today.
MACD looking like a healthy cross with some greens sprouting. Ripe for action.
Stoch is building, but not quite at overbought yet.
decreasing sell volume the last few red days.
There's a decent chance she'll swing back down to support, if LINK or BTC decides to drop rapidly for example. But if LINK holds strong above $10 I think we can confidently say BAND will keep moving, maybe after a little correction down.
Closest indicator to it retesting would be the Stoch is getting high.
Invest at your own risk here, I'm just speculating.
TP 's:
#1- 0.00075
#2- 0.0009
SL : Just below prior support. If she breaks it'll be down to the next historic support likely.
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“Test fast, fail fast, adjust fast.” — Tom Peters
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I'm a guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you.
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Just buy6 cents is coming, the next wave pattern to the peak begins on or after september 19. Price isn't going to get much better. This is speculation of course, come to your own conclusion and make your own decision. Preferred vehicles are speculative and losses may or may not be assumed. Investing in cryptocurrency carries an inherent high degree of risk.