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ChainLink / Bitcoin

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LINKBTC trade ideas

LINK/BTC buy opportunityHi followers, BINANCE:LINKBTC setting up for a very nice potential big up move. After shaking out the weak hands with the false breakout, now the price is moving higher, with already formed higher low and currently breaking the big down trendline. Don't forget to manage your risk! 👌 Good luck and trade with care 🙏 If you like my content - 👍 Like, 💬 comment, 👆 follow and 👉 share! ❗❗❗ Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only
Long
by FradkinXBT
Wyckoff AccumulationMonitoring the formation of the Wyckoff accumulation pattern on LINKBTC price action. Preliminary Support (PS) : where substantial buying begins to provide pronounced support after a prolonged down-move. Volume increases and price spread widens, signaling that the down-move may be approaching its end. Selling Climax (SC) : the point at which widening spread and selling pressure usually climaxes and heavy or panicky selling by the public is being absorbed by larger professional interests at or near a bottom. Often price will close well off the low in a SC, reflecting the buying by these large interests. Automatic Rally (AR) : which occurs because intense selling pressure has greatly diminished. A wave of buying easily pushes prices up; this is further fueled by short covering. The high of this rally will help define the upper boundary of an accumulation trading range. Secondary Test (ST) : in which price revisits the area of the SC to test the supply/demand balance at these levels. If a bottom is to be confirmed, volume and price spread should be significantly diminished as the market approaches support in the area of the SC. It is common to have multiple STs after a SC. Springs : usually occur late within a Trading Range and allow the dominant players to make a definitive test of available supply before a markup campaign unfolds. A “spring” takes price below the low of the trading range and then reverses to close within the trading range; this action allows large interests to mislead the public about the future trend direction and to acquire additional shares at bargain prices. More information about Wyckoff Accumulation .
Education
by Reza_mdv