LINK Short Swing Trade: Triangle break + EW

٢٦ يونيو ٢٠١٩

Shorting this ending 5th wave diagonal. Target is a strong support and 0.618 fib level. Pretty ideal setup here. Already dropping down as I write this.

(Click and drag the price to scroll on chart)

Sell: 0.00016900
Rebuy: 0.000157
Stop: 0.00071

Enjoy!

Please don't forget to leave a like!

See also: ONE trade (AMA with chainlink tomorrow) ;)

٢٦ يونيو ٢٠١٩

تم فتح الصفقة

So this pretty much confirms that there is a bot that scans tradingview to see where people's stop losses are to hunt them. Jokes on you bots, I didn't have a stop :^)

٢٦ يونيو ٢٠١٩

ملاحظة

Besides, here is a tip. Always put your stop a little further than you think, and your target a little closer than you said.

٢٦ يونيو ٢٠١٩

ملاحظة

Just hit a long term trend line, maybe it's actually just useless though, but you can zoom out and judge for yourself. Either way, not surprising to see a minor bounce here. So far everything going to plan and we should be set for a nice profit today.

٢٦ يونيو ٢٠١٩

ملاحظة

Bah, I've not been paying attention enough, and actually I didn't notice these trend lines until now. Check out these blue ones on the chart and see how there is normally a pretty strong bounce.

I always emphasise that time can be just as important as price when it comes to TA and especially swing trading. So this could mean that our target won't be hit until tomorrow assuming that blue trend line from last month holds. After that, I don't think we will break below the 15500 region, but IF we do, then it is POSSIBLE to see some sort of further consolidation within a triangle pattern made up of those two blue trend lines

٢٦ يونيو ٢٠١٩

ملاحظة

"From last month"
I meant earlier this month

٢٦ يونيو ٢٠١٩

ملاحظة

Resistance destroyed like it was nothing. RIP ALTS.

٢٦ يونيو ٢٠١٩

ملاحظة

Coinbase happened

WHAT A PUMP

٢٦ يونيو ٢٠١٩

ملاحظة

I take it back, alt season is happening. This is just absolutely insane to watch.