Updated

LINK/BTC S.O.T May Chart-off week 5

Link is accumulating along an hourly uptrend to attack the 4 hour downtrend created. It also just broke a local hourly downtrend. I can see it breaking the downtrend and taking a nice jump up to the 15500 mark.

Buy - 13610
Target 1 - 14706
Target 2 - 15500
Target 3 -16522
Stop loss - 13235

**Legend**
Weekly - Yellow
Daily - Red
4 Hour - Green
Hour - Blue

Trade closed manually

Sold on touch of the local downtrend.
Sell - 13759
Profit - 1%

Trade active

Rebought the small retrace at 13660

Note

Broke out of the 4 hour downtrend

Trade closed manually

Sold on a break out of the local hourly downtrend.
Sell -14360
Total Profit - 6.1%

Trade active

Rebought at 2.5% lower
Buy - 13973
Stop loss - 13870 (0.7%)

Note

Looking to close out above the hourly downtrend to take the next leg up

Note

Closed out the hourly downtrend

Trade closed manually

Sold on hourly break level @ 14289
Total Profit - 8.3%

Trade active

It has now created a local uptrend will look to rebuy on it

Trade active

Rebought on a drop
Buy - 13898
Stop loss - 13730

Trade closed: stop reached

Stop reached for 1.2%
Total Profit - 7.1%

Trade active

Flash drop caused a price drop in alts
Looks like it has stabled out now
Rebuy - 13550
Stoploss - 13235

Trade closed manually

Link has created a local downtrend.
I expect it to retrace a bit from here
Sell - 14110
Total Profit - 11.2%

Trade active

It broke out of the hourly downtrend when I was away fro my computer. FeelsBadMan.
It has now formed a local uptrend supported by the longer uptrend below.
Rebuy - 14674
Stop loss - 14350
Looking for it to close over the hold so it can move onto the next target.

Trade closed manually

Sold on touch of the daily break level @ 14240
Total profit 15%

Note

See above comment sold at 15240 not 14240

Note

It has created a local uptrend.
Looks like it’s going to back attack the4 hour hold again

Note

Updated my uptrend and added in the new local downtrend that formed

Note

It broke out of local downtrend this morning.
Created a new local downtrend and looks like it is going to attack the global trend.

Trade active

Rebuy 13407
Stop loss - 13235

Trade closed manually

Sold just over the 4 hour hold @ 13904
Total profit - 18.7%

Note

Note that downtrend is a 15 min downtrend.
Just wanted to show it on the chart for reference as to why I rebought

Note

Reacted as expected to the 4 hour.
Started a new local uptrend and local downtrend

Note

Broke out of local downtrend
I can still see it dropping further tough.

OisnGribben

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

OisnGribben