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Chainlink

LINKed To The Herd Mentality?While Bitcoin and the well known alts continue to cure most trader's insomnia, Chain Link has taken the spot light. Once this alt broke out from it's previous resistance of around 5, it has been vertical. If you are new to trading, I would like to welcome you to another fine episode of the HERD mentality in action. Can this thing go to 10 over the next week? In this video I am going to provide technical levels to consider that are proportional to recent price history. Fundamentals drive attention, that's about it. People want to hear a good story, one that is full of hope, promise and drama. The next Bitcoin! Or some other attention grabbing hype. Stories are part of human nature and are rooted in a form of logic, or cause and effect. What you may not yet realize is that timing markets has very little to do with "cause and effect" and everything to do with behavior. Our strategy has only one objective and that is to capture short term gains that are a result of price momentum. In order to do this consistently, criteria has to be met otherwise it is outright gambling. Before we even think about assuming risk, we need to answer two questions: if we bought now, what is the probability that this momentum will continue enough to produce a positive outcome, and second, what is the reward/risk? For Chainlink, the 6.80 level is a price projection based on recent structure (emotions express themselves in patterns which can be measured). This means the probability of a retrace is greater than momentum continuing higher. Buying now is a low probability behavior which will not produce consistent returns in the long run. What about the reward/risk? At this point, the risk can be measured from the support around 5, which means you are risking about 2 to reasonably make 3, BUT since PROBABILITY does not favor the move, then WHY take any risk to begin with? The ideal situation within the rules of our strategy would be for price to retrace to the 4.80 area and present a setup. THAT is when probability AND reward/risk make a lot more sense. Will it retrace? We don't know, it is all a matter of being prepared IF such an opportunity presents itself. Consistent performance comes from following EFFECTIVE behaviors and good habits, NOT from reacting to or chasing action.
COINBASE:LINKUSD
by MarcPMarkets
7
The Best Trade Of The Year . This Trade Will Be Better Than XRPHi I am MartyBoots and I've been trading the markets for 13+ years This is a follow up to my first video that got BANNED explaining exactly why we are going to moon HERE In this video I want to show you the exact pattern to watch over the medium term Then over the next few days I will make a video explaining the near term analysis and what exactly to look for . This has formed a beautiful bottoming pattern just like ChainLink LINK , these opportunities don't happen often to get in on the lows of stocks or coins that have serious potential to move into a bull market . We need to grab these opportunities with both hands . Do not miss this video because if this pattern plays out then this is going into large bull market. The price action and the moving averages are setting up beautifully. On top of that the indicators are also setting up . DO NOT BE LEFT BEHIND WHEN THIS TRAIN LEAVES THE STATION, GET IN EARLY FOR BETTER RETURNS Please dont forget to like my content as it helps my work Thank you
Long
by MartyBoots
3
Alt Coins - Scouting Spot Longs ~ ADA, BNB, LINK, NEOGreat new! Our enTHUZed TradingView channel has been selected to take part in beta testing for the next video feature - live video streaming on TradingView. This feature will allow us to broadcast in real time and the audience will be able to engage live via chat. Think of it as Twitch for traders. We should be live in a few days! I focus on providing live education and support to those interested in trading, Cryptocurrencies, and Blockchain technology. You will learn charting techniques, technical analysis, and the most popular cryptocurrencies for trading. My content is ideally suited for beginner to intermediate level traders.
by enTHUZed