By request I'm updating LINK/BTC today. I haven't checked back since the last analysis, but did find a few things that made me change my mind. This chart is on log and trend lines & connections have been averaged (line-chart) for higher precision.
– parabolic trend line (1 to 2) has ended, thereby creating a new trend-line "top #1" (where either a channel, a wedge, or a triangle could form)
– the current trend line (dashed black) will aide us in seeing the overall trend, might either serve as a launch pad to much higher levels, or get broken (to confirm a channel for example)
– positive weekly candle is rushing to break the 50MA straight to 0.000227
– further than December of this year is still difficult to calculate (requires more data)
This is rough-check for LINK which looks great for the next 2 months forward. If there's enough interest I'll happily make a short-term (daily, hourly) analysis for this as well.
– parabolic trend line (1 to 2) has ended, thereby creating a new trend-line "top #1" (where either a channel, a wedge, or a triangle could form)
– the current trend line (dashed black) will aide us in seeing the overall trend, might either serve as a launch pad to much higher levels, or get broken (to confirm a channel for example)
– positive weekly candle is rushing to break the 50MA straight to 0.000227
– further than December of this year is still difficult to calculate (requires more data)
This is rough-check for LINK which looks great for the next 2 months forward. If there's enough interest I'll happily make a short-term (daily, hourly) analysis for this as well.
