LEND.BTC (Y20.P3.E3.v3).Gems in the making.No.2

2020年8月17日

Hi,

This is a continuation of the previous post, link below.
This is part of my Defi - Gems in the making series, No2. Kava is No.3, SOLBTC will be No.4, etc

As you can see, I have updated my chart and target areas....I suggest keep going long.
Why, I expect 3 or 4 impulse moves before another major pullback or sell off.
(Until BTC hits its target, we will likely not have a sell off)
However its better to keep raising your stop limits, strategically placed as we go up.

With regards to the next target, I have noted the following:
- The height of the formation has confluence with the fib level, extension
- Using the CPR tool on the weekly R1, it too has confluence with both the height method and fib. level.

However the trend line is also a strong resistance


FYI, with regards to LINK, I would suggest looking at the chart and place a stop loss or sell soon.
Apply the stick test on the bottom trend, If its vertical, its unlikely to be sustained.

Please give me a like or tick for this post.


Cheers,
S.Sari

PREVIOUS POST

2020年8月17日

註釋

2020年8月17日

註釋

possible scenario

2020年8月17日

註釋

We hit the trend line and its likely to be a resistance especially at the first attempt.
I envision the next level to buy back ....stalking for now.

2020年8月18日

交易結束：目標達成

I have my target hit and hence closing this post.
I also feel LEND has peaked and so did LINK.

2020年8月18日

註釋

After reviewing this in more detail, at LINK.USDT...its still got the parabolic underbellie, along with the macd and WT, there is still room for the up. I havdn't sold my coins just yet.
On the Daily, we have no cross over on the indicators.
I went all the way to the 8 hrly and still not cross over. Hence why its got room for the upside. I have my next fib level marked.

2020年8月18日

註釋

With the drop, I now believe that was wave 5 completed and we are now going to a correction phase of the ABC.