Linkmarines
LINKUSDT: Bullish retestBINANCE:LINKUSD looks incredibly good, still up 42% this month and pullbacks are quickly bought up.
Pushing away from support LINK is back to the previous range and it looks like a bullish retest for me.
Waiting for a daily close and will take long. Should do it at $3.5 but was too greedy waiting for $3 dip =]
Information is just for educational purposes, never financial advice. Always do your own research.
LINKUSD: Will the support hold?LINK tested $3.8 support zone several times. I think if the downward pressure continues, then next time we can see LINK at $3.5-3.3 zone.
But my ultimate buy, where I placed my bids, is $2.8.
I do not urge to short support - it is better to wait for the fall under $3.8 and short the retest.
Information is just for educational purposes, never financial advice. Always do your own research.
LINK is consolidating under daily resistance...moon or retests?Looking at LINKUSD and it's approaching this daily resistance, and if that breaks we could get into upside price discovery, but if not, or if BTC drops suddenly, I think these different daily blocks would be great places to buy this beast. Had a big bag in 2017, and little did I know I should've just went all in on Link and gone on vacation for 2018
LINK/BTC - Sell off before price rise for Web3?LINK has often had a modest sell off prior to large takeoff in price.
Purple line is where I would like to see support hold prior to a run, if one is to come.
I have a stop at 21k which I expect will be wicked through to steal my position prior to the run... OR... I will protect my funds through another leg of downtrend to 18k.
No bother, I will sleep well tonight either way, see you tomorrow link marines...
LINK/BTC - Marines are moving in on the targetI am not a LINK marine. Never fall in love with any of these 'coins'.
With that said:
ARGUMENT:
LINK is one of the only 2017 coins still going strong, rabid community behind it, and on a loose leash from BTC movements for the most part.
With Web 3 in late August and some other thing in September, there are two good 'stories' to act as cover for price moves up. We seem to be making a higher high here too.
My thinking is that it will get to either 25 sats or 28 sats before cooling off a little. Would look to reload at 20-22 or 24-26 sats. Then we see a slow climb up for the rest of the year until EOY.
INVALIDATION:
If Web 3 turns out to be a meme and this gets dumped back down to 18 sats.
When every idiot on 'crypto Twitter' has the same idea, it is usually the wrong idea. So it's possible this won't live up to the hype and will 'I told you so' back down.
If that happens I will *sell* my position at 22 sats and be looking to buy back gradually up to the hard support of 16 sats.
It's not going lower than that this year.