It is not quite catching all the moves but these seem to line up with the medium to big ones. I was just trying to have a look at some mid/long term price targets, and I will be aiming to add to my position in between the $8.5-$9 area. Not quite sure about the upside but I think chainlink is very undervalued so I would not be surprised if it goes to anywhere...
You have to look at the big picture...
Look at the ribbon, every time the longer EMAs (55-40 , red- orange) is on the top we take a drop before coming back up. We are also towards the end of a Bart so a drop would be expected, it may re test 9300 but it will not break 9300 without a drop to 8800-9000 before hand, as this will make a lot bears close there shorts and go long till we break 9300 as most of...
If BTC can hold off the 9k retest coming soon, it will continue to climb up to around 10000 - 10200 before the next dump. The purple line is the rough upward trend we have been in since march. The peaks will be either at the purple line or the drop zone, before dipping to either purple line or bounce zone, depending on where it peaked. Over all i think its a...
If BTC can hold 8750 then it will bounce back and forth following this path with an upwards trend. If it breaks the 8750 then i expect a ABC wave. Going down to <8.4k and up to >14K. Im not a pro, these are just my ideas. Good luck if you listen to me.