Tothemoon
Is LINK Regaining Bullish Momentum?As a decentralized oracle critical to many DeFi projects, LINK has had a fantastic year in 2020, pushing up gains of 1,000% at its peak of $20. However, since Mid-August, the token has been caught in a descending channel. LINK recently broke this channel, and many people are now wondering whether this is the start of a new uptrend or a temporary move before continuing its downtrend. Read on to find out!
When Can we Confirm an Uptrend?
After bouncing off the $7.3 support level, LINK broke the descending channel and attempted to break the resistance between $11.3 and $11.85. However, just because it broke the descending channel, that doesn’t necessarily mean that it will now start uptrending. The token may consolidate for a while before beginning an uptrend.
LINK made a new high following the bounce at $11.2, just before the resistance. Breaking this resistance is critical, as it will be seen as a higher high and a confirmation that we are in an uptrend and not in a consolidation phase.
Looking Ahead: If LINK starts an uptrend, the next major resistance levels on its way to the all-time high are 14$ and 17.5$. If the support breaks and LINK starts a downtrend, then the next support levels stand around $6.6 and $5.7.
BTC. Alternative count. Long. There is a possibility that the correction is finished and we will see higher prices. If we get above 12k this will be the count and looking a lot higher. But at this stage still favoring a move lower to complete the Gartley patern at the 38% retracement level.
Updated BTC Analysis (See Last Post)Updated BTC "to the moon" setup branching off of previous analysis. Please note I am not a very experienced trader and I am just looking for insight and opinions on my basic analysis.
BTC Macro Outlook: Critical Point at 10850HIGH TIME FRAME:
1. Ascending TL support from March Dump with potential backtest as resistance. Rejection of 10850 is very bearish
2. Descending TL resistance from early August testing again as resistance. 3rd test of this TL. More tests = weaker S/R
10850 is critical S/R for TLs. Watch carefully
3. 12H RSI is has retested orange MA (30 day) as support. A bigger bounce would be good confirmation
4. Daily RSI is at the 30S MA, so could go above or below...
5. OBV steadily rising all the while
LOW TIME FRAME:
1. Ascending triangle consolidation under 10850 resistance. Ascending triangles tend to break more so to the upside.
2. 1H RSI bullish divergence in this triangle
3. Long tail wick off of 10550 S/R area. Critical support to hold, and it bounced with strength.
4. OBV rising within this consolidation. Volume confirms direction of movement.
KEY AREAS TO WATCH:
1. 10850 is critical horizontal and descending TL resistance
2. 11000 is ascending TL resistance. We could potentially break 10850, but reject from 11000. Rejection of 11000 is HTF TL support flipped resistance from March. WE have been in as uptrend until now, if that occurs.
INVALIDATION & TARGETS:
1. Break 11000 and next major resistance @ 12500
2. Reject 10850 and next major support @ 8900
On the way to 20k !? 🌌Is Bitcoin gearing up for a new all-time high?
The "to-the-mooners" 🌚 will blatantly nod their heads, but also the Elliott waves might suggest that a new all-time high is coming. However, this bold statement comes attached with some conditions. Most important, we need at least a corrections to price areas of $8200, where the ideal price target for a wave 2 is situated. We highlighted the area with a yellow rectangle, indicating a potential turnaround zone. From there, the bulls need to launch the rocket to initiate a first impulse movement with a solid 5 wave pattern. The next weeks can be crucial for Bitcoin and might pave the way for new all-time highs! No, go zone for the current correction are price areas below $7243 as chances of a bigger correction increase.
Call your trusted Lambo dealership in advance; they might be running out of cars shortly! (please mind the irony) 🏎️
What are your thoughts?
Happy Monday!
NEW ATH IN 2021clear retest of weekly triangle , take some time and maybe legdown to 9600 but have faith
ONE FINAL DUMP FOR BITCOIN! NEXT TO THE MOON?! BTC/USDTHE QUESTION EVERYONE IS ASKING, HAVE WE REACHED THE BOTTOM YES OR NO?
IN MY OPINION THIS IS STILL NOT ACHIEVED. HERE'S WHY;
CME-GAP: ALTHOUGH WE HAVE ALREADY TOUCHED THE CME-GAP, BUT IT IS NOT FILLED YET. IT WILL LIKELY BE FILLED, IN THE NEXT HOURS / DAYS.
DAYLY RSI NOT YET IN OVERSOLD AREA: WHEN WE LOOK AT THE PAST WE CAN NOTICE EVERYTIME WHEN WE HAVE EXTREME DOWNWARD PRICE ACTION THE PRICE BOTTOMED OUT AND TURNED WHEN WE HAVE REACHED THE OVERSOLD AREA ON THE RSI.
SUPPORT ZONE AROUND $10100 TO $10500: WE ARE CURRENTLY MOVING INTO THE MAJOR ZONE FROM $10100 TO $10500. HOWEVER THIS IS NOT BEEN BROKEN YET, IT LOOKS LIKE IT WILL BREAK. SIMPLY BECAUSE WE ARE CONTINUOUSLY TESTING THE BOTTOM LINE OF THE ZONE. AND THE MORE A ZONE IS TESTED, THE GREATER THE CHANCE THAT IT WILL BREAK.
MAJOR TREND LINE: IT LOOKS LIKE WE ARE MOVING TOWARDS THE MAJOR BLUE TREND LINE, THIS TREND LINE IS ALREADY ACTIVE SINCE THE 2019 DUMP. EVER SINCE, IT HAS SHOWN IMPORTANT SUPPORT. AS LONG AS WE STAY ABOVE THIS LINE IT IS STILL BULLISH IN MY OPINION.
Last opportunities to buy cheap Bitcoin before 300k 🚀OK m not big into meme projections since I am more a trend and support/resistance trader but I think Bitcoin will print something like this.
Bitfinex show huge order cluster between 8.8 to 8.6 with more than 700 Bitcoin (spot) protecting the range. Hopefully will hold any attempt to pierce but at same time it feels that sell pressure has vanished.
Overall i think is really bad idea to risk shorts because when it pumps (specially if market makers decide to front-run everyone expecting a dump) it will be brutal.
TSLA to $540Tesla keeps following the same exact pattern. runs up $65, falls back. runs up $65, falls back. TSLA will most likely be included in th S&P 500 this week which will most likely rocket the stock to even more ridiculous levels. My price target is $540, but... For some reason, I feel this is going to $700. we shall see
Debit spreads
Updates: Bitcoin is in this bullish channel:Hello, In this updates, Bitcoin in H4 timeframe is continue bullish, there are anohter interesting position in long position until the $12,100 as take profit, you can to invest other 0.02 lots of Bitcoin, as I have 0.02 BTC invest, I invest other 0.02 lots in BTC to the take profit of $12,100 USD.
This channel, it's could be to explode in any moment that is a boughts that bulls are defeating the bears zone. awaiting of it. So, I add another 0.02 lots with a SL at $11,450 USD.
Bitcoin: Taking a BreatherWith BTCUSD attempting to reach escape velocity from the almost 3-year symmetrical triangle, my view is that it will consolidate for a bit before making another attempt to take out $12.5K and reach the Jun-19 high of $13.9K.
The weak Dollar narrative will certainly add fuel to this rocket, once it launches!
#tothemoon
Strong But for an earnings run up! #tradeidea Long over $460already holding a position will buy some calls!
BTC Argument for Re-Accumulation vs. DistributionPretty self-explanatory. The neckline seems to be angled instead of flat. Extending the trend to the right shoulder, and seeing that there is high liquidity @ 8600, a correction to the neckline would not surprise me. From then on the next notable resistance (and liquidity) is ~12500.
I have seen arguments for that ranging just under 10500 as either re-accumulation or distribution.
As @CredibleCrypto pointed out on Twitter, we have tapped this resistance 3 times in that last year. Now instead of immediately dumping, we have consolidated just under the 10500 resistance, which hints at weakening selling pressure.
On the other hand, the range we have been in since mid April of 8000 to 10500 appears to resemble Phase A & B of Wycoff Distribution.
Hard to tell, but the possibility of Wycoff Distribution could just be Confirmation Bias.
The fact that we have tapped 10500 3 times in the past year is solid evidence for re-accumulation. This combined with an Inverted H&S pattern are both bullish, so my bias is bullish.
NOTE: I have linked my post of a possible Wycoff Distribution below. Compare that bearish outlook to this bullish outlook and decide for yourselves...
OGN/BTC🚀Chart looks great to long position🔥🚀
The price reflected beautifully from the golden ratio level🔝
XAUUSD up trend with a break and retest im taking this buy because of a clear trend and a break and retest of past high
GBPUSD buyI TOOK THE BUY BECAUSE THEIR WAS A CLEAR DIRECTION OF TREND AND A BREAK AND RETEST OF MY LEVEL
BTCs last BIG pump & dump before huge bull market!?Hello,
i will keep this analysis as short as i can.
Currently BTC is on an uptrend on the higher uptrend creating higher highs and higher lows.
A lot things are lining up for a pump to $10500 - $11000 BUT i will also explain one thing which would make me short term bearish in the screenshot below.
I will explain in the screenshots below, why i think a pump might come first before the last big dump.
Here is a short overview of the current situation:
1. BTC soon attempting the fourth try to break the three year resistance line at ~$11300
2. Huge Weekly resistnace at $11511 which goes back to bullmarket 2019
3. Potential Bull Flag with a target of $10800
4. Break above $10074 will print a Bear Divergence on Daily
5. Target for short would match with that white support line and the order block between $8820 - $8571
6. Potential Cup&Handle with a target of.. guess what: Exactly the same target as the bullflag one at $10800
7. Todays retest of the support at $9623 succeded, which was also a order block from 2019.
I AM ALL IN ON NASDAQ!MACRO TREND IS CLEAR
We are in a good price-place for accumolation.
The 1st target is between 14k and 16k.
The 2nd target is between 22k and 24k.
Thanks to DONALD TRUMP that make this possibible.
MAKE AMERICA GREAT AGAIN!!!
