LSKBTC trade ideas
lisk .... In the trading world ... do not follow your emotionsthe next target of lisk will be 0.0005
Lisk finding resistance?LSK finding resistance at the .286 fib. We need volume! Whole market is finding a bottom before things turn bullish. If we get the right bounce in the next week impulse wave 1 can begin to form. Waiting for confirmation before going long. Lets see if this resistance holds, if not, looking for entrance to short and for next resistance.
Lisk VS Bitcoin - Where To?Lisk reached an all-time high against the Bitcoin on the 10th of February, hitting BTC 0.0034. The strong rise followed by a sharp decline and Lisk already lot over 60% to Bitcion.
At this point, LSK/BTC is facing 61.8% Fibonacci support at BTC 0.00135, which today has been rejected cleanly. Whether the support will hold or not should shed some light on the further price development.
Break below could send Lisk even lower, towards 88.6% Fibs at BTC 0.00073. But if the support will be respected by the market, range trading could take place, eventually resulting in a continuation of a long-term uptrend.
LISK SHORT NOW, Long from February.Lisk recently disappointed again investors and developers with another delays. We can currently see price drop after Lisk meeting which has shown us lack of professionalism, presentation rather looking like school project than multi-mulion dollar non profit company product. I expect price to drop and retest recent lows, then near February we shall see pre-event hype. With purple circle i've marked crucial point after rebranding, if rebranding and product they show will not be good then price won't go up.
$LSK recovery$LSK just hit demand join and stay strong on support, multiple bull div forming. Expect a pull back to previous top