/biz/ - Business & Finance

>>12156598

Dunno, long term here's what I see for link.

Seems like a cup and handle formation.

Mainly interested in entering after top yellow line is broken.

>>12090879

"OK"

>>12090890

$LINK chart first, $RVN later.

Shared this a few days ago. Could argue a cup & handle formation here which is very bullish after it is broken. Still not interested in entrying here, only planning to buy confirmed breakthroughs on alts right now since $BTC is acting up.

You can google the cup & handle formation and see the similarities.

>>12062568

I very, very rarely go below 15 min. The patterns and formations you see at higher timefames are always stronger.

Mostly if I'm looking at a coin that I haven't charted before, I close all my indicators, have a look at weekly chart, then daily. I try to see if there are any pennants, channels that strike to me. After that I look at indicators to confirm my observations, and go to 4h/1h charts to evaluate good entry points.

>>12062577

The long term section of my portfolio (besides bitcoin) is probably only a month hold. This might be due to the fact that we are in a bearish market but it also could be because crypto prices are still very much only based on speculation.

After a longer look at $LINK chart though, this COULD be a cup & handle formation. (This is what I mean by looking at higher timeframe charts first. I took a look at 4h only and could've missed the possibility of such pattern, but after checking daily this seems like a possibility)

Break of top yellow line could be very bullish. That being said I'm not interested in entrying right now but after this develops a little further, maybe even after the breakout. Will post a picture of cup & handle formation next post to demonstrate the similarities.

Chart - LINK.