LINK/USD 1D: Neutral, but inclined to short

19 авг. 2019 г.

*Not financial advice.*

Entry: $2.50 - 2.55
Stop: $2.80
TP: $1.65 - 1.50

Analysis:
-200d BB 1.25 stdev is visually very wide, would require an enormous amount of volume for a trend continuation move right now.
-1.25 stdev pivot now acting as resistance (previously support)
-50d BB 1.25 stdev likely to expand here. Long term compression, short term expansion. No implied direction, but is hinting at a move very soon. (shown via BB width)
-RSI is neutral. **The trough following Sibos 2017 had this same trough for the RSI, and the succeeding move resulted in a 10x increase. Same here would be $20.00. This would be the contingency plan for a short**
-Declining volume
-Pitchfork channel also acting as resistance currently.
-

21 авг. 2019 г.

Заметка

refer to my previous posts to see how this pitchfork has proved itself through time

21 авг. 2019 г.

Заметка

Currently closed this trade to a roughly 20% gain (2x leverage). Will reopen if presentation today is a dud.

21 авг. 2019 г.

Заметка

At it again. This ship is going down.

31 авг. 2019 г.

Сделка активна

watching for this dump to continue

3 сент. 2019 г.

Сделка закрыта: достигнута тейк-профит цена

Short was closed yesterday amid rise in BTC/USD. Depending on Bitcoin's movement, may or may not continue trade.

12 сент. 2019 г.

Заметка

Back to shorting

14 сент. 2019 г.

Заметка

Short closed. Looking to long.

16 сент. 2019 г.

Сделка закрыта вручную