Lisk
LSKBTC Dail Head And Shoulders Still In PlayLisk has been forming a head and shoulders on the daily for a some time now. The right shoulder is still forming. Neckline is near the .000616 level. If it breaks it can free fall to the .000095 to .000080 level.
This not financial advice, I'm new to TA. Trade at your own risk.
Tirangle pattern still holding more than 200% gain up to $24$24 (more than (214%) till Rebranding at end of February is possible as of Triangle Pattern is holding.
Time to buy some LSK?The November pump started right at the 0.618 retracement level of the August pump, and right now Lisk is sitting at the 0.618 retracement level of the November pump. If it breaks the downtrend channel in which it's currently moving, it may move consolidate around this $7 level for a month or two before it takes off again.
Lisk 8 hour chart: TargetTarget: 12000
Stop-loss: 06800
After a move up from the long-term trend line and double top at the 0.618 fib level, lisk has undergone a correction and has now broken the downtrend. We are looking for an initial target back at the 0.618 level before we re-evaluate. Watch for a break of the demand zone I have indicated as it could signal a further move down. Good luck.
LISK - Winter is Coming!LISK is going to release their SDK soon along with their long anticipated rebrand on the 20th of February, 2018.
LISK reached $12 last week as people were speculating the rebrand date was going to be the 22nd of November, 2017 in the previous Berlin meetup. It was apparently a shock to many that they had to wait another 3 months, so people panic sold and weak hands are selling as well, which brought down the price to $7.50 (~80000 satoshis)
We are approaching the ideal entry zone where you can accumulate more LISK. The light green zone is a safe entry and the dark green zone is the PERFECT entry for accumulation. Are we going to reach the dark green strong buy zone? Maybe, but I doubt which is why I am accumulating LISK and will eventually reach full LISK position if we happen to hit the dark green zone.
30% BUYS at 80000 - 77000 satoshis
30% BUYS at 77000 - 72000 satoshis
40% BUYS at 72000 - 64000 satoshis (Our strong buy zone)
I noted the target profits in the chart above and I will personally consider taking profit between TP2 - TP4
Target Profits (% profit calculated on an average of 7700 satoshi entry):
TP1: 129000 Satoshis - 67% PROFIT
TP2: 158000 Satoshis - 105% PROFIT
TP3: 191000 Satoshis - 148% PROFIT
TP4: 210000 Satoshis - 172% PROFIT
What if we don't get the chance to buy within the strong buy zone? Then you can either consider the 60% position to be enough and take profit if everything goes well... Or you can take a full position within the 1st and/or 2nd buy zones (As a longterm, you will probably be at good profits)
BUY THE FEAR! BUY WHEN EVERYONE IS SELLING :)
Good luck and keep profiting.
PS: I am not a financial adviser so trade/invest at your own due diligence and ONLY invest/trade with what you can afford to lose.
Lisk: Which way?Lisk is currently consolidating. We don't know which way it will go until it breaks out of the consolidation. After a breakout we will need to see a confirmation of it holding the wall it got out of to continue in that direction. What are your thoughts? I am in favor of the downside, for a completion of a harmonic pattern to buy it back up.
Bitcoin SHORT :capital outflow hypothesisA number of currencies are trending in an inverse BTC pattern. With unsustainable BTC dominance (% share of crypto currency market capitalization) this could present an opportunity to capitalize on BTC capital outflow by converting to alternative digital currencies ahead of bitcoin crash.
LSKUSD $13? Elliot Wave AnalysisWhy I think this:
Strong bullish indicators
-Good volume on breakout of consolidation phase
-Falling wedge on RSI (white line on RSI graph)
-Recently had a bullish MACD divergence on 4h and longer candles (more on this later)
Don't enter now, however for these reasons
-RSI at the top of resistance on falling wedge
-Bearish MACD divergence on shorter candle length (45 min, 1h)
Instead, wait to enter potentially at these times
-Bullish MACD divergence on shorter candles
-Breaking out or at bottom of support of falling wedge on RSI
-As long as this happens within $8-7.17, it's a good entry point
Please leave any feedback/questions in the comments. If I don't reply it's because I have been having issues replying to comments. Feel free to PM