LINK/USD Main trend. Wedge. 53$ - 5,3$ = -90%Basic tendency. Logarithm. The time interval is 1 week.
A clear downward wedge was formed in the pair to the dollar. Pay attention that the maximum is $53, and the minimum is $5.3. It is interesting that it is exactly -90%. This makes it clear that the price is completely "manageable."
A line chart to understand the direction of the trend and the wedge.
Secondary trend.
LINK/USDT Secondary trend. Downward wedge.
Alts should be looked at starting at -90%.
But I want to remind you that -96% is also -60% of -90%.
It's the average set and reset price that matters, but this logic should always be kept in mind. Averaging, this is not buying "cheap", but buying in potential trend reversal zone, if past buying turned out to be wrong (very relevant for those who work with large amounts and keep most of their cryptocurrency on wallets).
You have bitcoins and you don't want to sell most of them for any money, neither cheap nor expensive? Then HYIP, a cryptocurrency, is designed to take them away from you!
Then, after a few cycles of hype around another promising crypto-monet, former bitcoin holders will be collecting satoshis and remembering, "I used to have a lot of bitcoins... But I wanted to get rich so badly that I lost them all...". With each coin prospect and with each jump in the market cycle, my balance decreased, and now I have pennies compared to my former numbers...
Illusory money prospects and trivial greed can deceive you. With these two components of the market, you have to stay at arm's length.
