LSKBTC
The next price levels for LSK, We could see $20 v soon.Hello everybody
if this strong bull move continue we could see 0.0025 BTC in few days or maybe less , else 0.0019 BTC will be first target then continue to 0.0023.
price could face some weak hands sellers But finally we will go to $10-$20 one way or another or maybe more.
Lisk now is setting on $750M market cap and most of holder are waiting 1-2 Billion market cap.
LSK potential buyFrom the last little run LSK had 3 days ago we get a support line, which then didnt hold and RSI broke down.
Now RSI is trying to break above the same line once again. IF RSI breaks above the line and stays above it, LSK is a good buy.
MACD turning bullish, expecting CCI to turn bullish soon aswell.
LSK/BTC ShortBitcoin ignited rocket, altcoins stays in it's shadow. Lisk is following downtrend since 10.06.2017, now it's bouncing off trend's upper edge and support line ~0.00067 BTC (with couple brakeouts to next support line ~0.00058 BTC. It's necessary to observe this wedge (trend channel and support 0,00067). Look also on the new local up-trend which creates triangle with channel and probably will give us faster answer - where lsk will jump.
Lisk holders are awaiting some news from the project, and current price stays low due to lack of any important improvements. Maybe another wallpaper can change something ? :)
Flag formed / Handle formedThe LSK darling has just created a pattern that is quite bearish. I believe this pattern will continue until the channel doesn't break downwards convincingly.
So HOW do I make MONEY?
The interesting bit of a channel is you know two parts:
1. The money is in making Shorts
2. You need to square off position whenever you hit the lower trend line, when trend line breaks with volumes, enter the short again...
It's a fun play. Play it like a cat and mouse game. And please donate! I am a long way off from my college funds. I don't understand why don't loans cover USD 8000 of initial payments...
I am fine if you don't wish to donate! Just make the money that's ready on the table and spend it well on the most important person in the universe, - YOU! Take it as a gift from me!
Where do I go from here - LSKBTC?LSK has been very obedient to the trend. She's awesome! Wish I had a girl-friend that way, I think I'm wishing too much!
Anyways, getting back to the chart. LSK has reached it's support level. It has intense support here. Long term trend supports. It is more like a band of supports with a lot of volume present within. Just touching anywhere within the band is calling sharp-pullbacks upwards. Is it time to invest? Maybe.
Am I investing, not yet. Why? Because I am playing with my college funds.
When will I enter? Soon. Especially when BTC cracks and LSK remains constant. The ratio will become too lucrative in USD price terms. If you are confused by my last statement, it's time to brush up with some math - Ratios. And if confused with anything else, buzz!
LISK COOLDOWN SHORT THEN LONGLisk growth now is just unsustainable, this is the same Lisk from few days ago, it's still promise to be application platform, it is best opportunity since etheruem but i think we will go down now in short them to then open good long position. If you considering to enter market at this level, better wait.
LSK to have big breakout in < 4 days (ETA: 28-6 00:00)Lisk is doing good, real good. LSK/BTC is now up 150% since previous month (24-5).
24th was the day after the first major upwards breakout (100%) for Lisk.
As illustrated on the TA we see that after the first bullish breakout we see a pennant forming.
After wich surely another breakout followed (initially 100%, to be boosted almost up to 200%)
Is what we are seeing now, another pennant, an indicator of what is to follow?
Possibilities:
Bullish breakout 1 (blue): Repeat of previous breakout in volume with small bear trap (rip weakhands) INIT: 182K sat TARGET: 210k sat
Bullish breakout 2 (green): Breakout with same volume as previous breakout. TARGET: 210k sat
Bullish breakout 3 (purple): 100% Breakout (out of the 3, most unlikely but LSK seems to like 100% breakouts) TARGET: 243k sat
Bearish breakout (red): Let's not?
So keep track of the volume of LSK trades in the next couple of days, when it starts to increase, it is time to board the train.
Added symbols, people like symbols
Cup and handle on this timeframe?New to TA, LSK is going up up up which makes me smile.
It is a wonderful project!
Now for my own education, i noticed some sort of cup and handle in the 5-30 minutes timeframes...
Can we speak of this pattern in this shorter timeframe?
Please comment below to let me know if i should or shouldnt search for patterns in this timeframe.
Could be useful for other new traders too.