[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 830 KB, 600x1283, LINKinvestmentprogression.png [View same] [iqdb] [saucenao] [google]
21707927 No.21707927 [Reply] [Original]

Averaging down my LINK long after selling 2/3rds of my position at $17-19 and incredibly tempted to short BTC on like 5x leverage. Anyone else think BTC is about to take a massive shit?

Its literally teetering on the 20MA for the daily and if it closes under it probably won't be pretty. Weirdly whenever BTC is clearly above the 20MA LINK is pumping and when BTC goes under LINK trends down.

I almost opened one at 11750 and now its already 11650. I can tell on the charts volatility is increasing and a big move is coming but the direction is too unclear but leaning towards down 10500

Thoughts? Does anyone here actually trade?

>> No.21708098
File: 154 KB, 1366x768, OBVLINK.png [View same] [iqdb] [saucenao] [google]
21708098

I also kind of think this isn't the massive LINK correction we are expecting yet. There were multiple 20% to almost 40% retraces in under a week during the June 2019 run up from around .42 to $4.70. It took 10 weeks after that to reach a 67% downturn from the top. I kind of expect this run to take us to around $37-44 before retracing 55%-70% back to around $15 roughly.

>> No.21708129

>>21707927

20 moving average on the daily specifically*

>> No.21708381

Bump you faggots. Nothing?

>> No.21708631
File: 90 KB, 800x600, LINKIQ.png [View same] [iqdb] [saucenao] [google]
21708631

Come on people