LINK/USD 1D: Neutral, but inclined to short
*Not financial advice.*
Entry: $2.50 - 2.55
Stop: $2.80
TP: $1.65 - 1.50
Analysis:
-200d BB 1.25 stdev is visually very wide, would require an enormous amount of volume for a trend continuation move right now.
-1.25 stdev pivot now acting as resistance (previously support)
-50d BB 1.25 stdev likely to expand here. Long term compression, short term expansion. No implied direction, but is hinting at a move very soon. (shown via BB width)
-RSI is neutral. **The trough following Sibos 2017 had this same trough for the RSI, and the succeeding move resulted in a 10x increase. Same here would be $20.00. This would be the contingency plan for a short**
-Declining volume
-Pitchfork channel also acting as resistance currently.
-
Entry: $2.50 - 2.55
Stop: $2.80
TP: $1.65 - 1.50
Analysis:
-200d BB 1.25 stdev is visually very wide, would require an enormous amount of volume for a trend continuation move right now.
-1.25 stdev pivot now acting as resistance (previously support)
-50d BB 1.25 stdev likely to expand here. Long term compression, short term expansion. No implied direction, but is hinting at a move very soon. (shown via BB width)
-RSI is neutral. **The trough following Sibos 2017 had this same trough for the RSI, and the succeeding move resulted in a 10x increase. Same here would be $20.00. This would be the contingency plan for a short**
-Declining volume
-Pitchfork channel also acting as resistance currently.
-
Catatan
refer to my previous posts to see how this pitchfork has proved itself through timeCatatan
Currently closed this trade to a roughly 20% gain (2x leverage). Will reopen if presentation today is a dud.Catatan
At it again. This ship is going down.Trade aktif
watching for this dump to continueTrading ditutup: target tercapai
Short was closed yesterday amid rise in BTC/USD. Depending on Bitcoin's movement, may or may not continue trade.Catatan
Back to shortingCatatan
Short closed. Looking to long.Trading ditutup secara manual
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.