*** This is a continuation of the previous post, link below ***
Steady as it goes, still waiting for that BTC to find its support base.
11,050 to 11,150 is the next layer, after that, 10800'ish.
As I stated in the past posts, its likely BTC will descend slowly and boringly, ranging until it makes its next move.
During that time, its likely the ALTS will continue some upward momentum.
Based on the BTC dominance chart, it to is moving sideways.
Hence LiNK has found support around the $12 from the $20 time high, so a significant pullback has happened.
My theory for now is that this is a re-accumulation point.
I do have 2 scenarios, the other is the chart below, based on the LIVERMORE chart structure.
One good thing going for LINK is the reveral on the Phoeix indicator however both need to be above 50% before we can feel confident that momentum to the upside is back.
Regards,
S.Sari
Overview: Wave 5 completed, ABC correction in place, now has this completed?
The 1 to 15 stages are based on the LIVERMORE chart.
LIVERMORE chart alignment
Note on the 8 hrly and daily chart, we have the RSI point of bullishness broken. Not a good sign.
PREVIOUS POST.
Steady as it goes, still waiting for that BTC to find its support base.
11,050 to 11,150 is the next layer, after that, 10800'ish.
As I stated in the past posts, its likely BTC will descend slowly and boringly, ranging until it makes its next move.
During that time, its likely the ALTS will continue some upward momentum.
Based on the BTC dominance chart, it to is moving sideways.
Hence LiNK has found support around the $12 from the $20 time high, so a significant pullback has happened.
My theory for now is that this is a re-accumulation point.
I do have 2 scenarios, the other is the chart below, based on the LIVERMORE chart structure.
One good thing going for LINK is the reveral on the Phoeix indicator however both need to be above 50% before we can feel confident that momentum to the upside is back.
Regards,
S.Sari
Overview: Wave 5 completed, ABC correction in place, now has this completed?
The 1 to 15 stages are based on the LIVERMORE chart.
LIVERMORE chart alignment
Note on the 8 hrly and daily chart, we have the RSI point of bullishness broken. Not a good sign.
PREVIOUS POST.
코멘트:
Just adding a reference point\level
코멘트:
looking at the daily indicators...its slowly getting there.
코멘트:
defining the layers of support and resistance and looking for momentum.
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
