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see_are_em
Aug 19, 2019 3:49 AM

LINK/USD 1D: Neutral, but inclined to short 做空

ChainLink / US DollarBinance

描述

*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.
-

评论

refer to my previous posts to see how this pitchfork has proved itself through time

评论

Currently closed this trade to a roughly 20% gain (2x leverage). Will reopen if presentation today is a dud.

评论

At it again. This ship is going down.

交易开始

watching for this dump to continue

交易结束:到达目标

Short was closed yesterday amid rise in BTC/USD. Depending on Bitcoin's movement, may or may not continue trade.

评论

Back to shorting

评论

Short closed. Looking to long.

交易手动结束

评论
bitcoincoffee
The EWers charted either this drop to 1.50 or straight to $5-$6 ... wouldnt that be awesome?
see_are_em
@bitcoincoffee, it sure would.
Composition
Surprised how well this pitchfork has held up, great analysis chad
see_are_em
@Composition, mhm, same pitchfork for almost a year.
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