LINKBTC is in a great trading position with the right stop loss set. As I have said in previous ideas, the direction of a breakout in a crypto wedge is hard to call. As we all know, crypto doesn't really follow market rules. With that said, my technique has been to buy in at a low resistance bounce when the wedge is starting to close in and then set a tight stop...
Head and shoulder forming on 4hr chart. Neckline has formed. I see slight uptrend followed by a lot of bear food. Keep stop losses tight traders.
here we are in another wedge. I believe we are going to the target zone in the 3200-3300. There is a possible retest of the 3700 resistance first before BEAR!
My previous wedge is still valid. Had a $80 fall and rise at the wedge closing. But overall, we are in a bigger wedge. We'll be going sideways for another day. Analysis is still that we're going down to 3200's, we might get a possible retrace to the last support around 3600, then crash down. Go get some sleep.
Updated analysis on current wedge. I had to broaden the wedge from yesterday. I believe we are looking at a crash to retest 3200's lows. We might get a possible bump up to retest previous resistance before downfall continues.
The Wedge Master is at it again. It seems, we're in another wedge, around 4am-12pm PST we will have huge movement again. With crypto, it is hard to predict which way wedges will break out. So my technique has been to buy as the wedge closes in and set a tight stop loss about 1-2% under the line of my wedge. Here I am anticipating more down to retest our...
The bart is forming into an inverted cup and handle. More droppings ahead..
I"ve caught these 4 wedges over the past 3 weeks. I've noticed that whether ascending or descending doesn't matter in crypto, but you will definitely get big price movement at the tip. I buy in when the wedge is closing in and set a very tight stop loss. Then ride out the ridiculous price fluctuations.