LINKBTC is near the tip of a falling wedge which have a bullish bias and it's very close to the daily 200 SMA.
We can see bullish divergence on almost all timeframes and the 23500 - 25000 range is a zone of major support.
The parabola for LINK/BTC is still intact and it's very close to it.
This all points to a reversal in the near future and looks like a great zone to accumulate for long-term positions.
Let me know what you think and best of luck with your trades!
We can see bullish divergence on almost all timeframes and the 23500 - 25000 range is a zone of major support.
The parabola for LINK/BTC is still intact and it's very close to it.
This all points to a reversal in the near future and looks like a great zone to accumulate for long-term positions.
Let me know what you think and best of luck with your trades!
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Just closing up old trades:
It did end up being the bottom with a max drawdown of just 3% (to this day) and then took off to produce a potential profit of up to almost 600%:
It did end up being the bottom with a max drawdown of just 3% (to this day) and then took off to produce a potential profit of up to almost 600%:
