Hello Crypto Friends!!
I hope everyone is well!
Its time! The opportunity of a lifetime has come! If you have been following me then you will know that all targets have been hit!
Lets start with BTC -
So, we had the Head and Shoulders form after the rising wedge, which broke down. Then we had a little consolidation and weekend pump.
Now we have -
Completed the move down to my target of 7600-7700. We have dipped out the bottom of the wedge and touched the legacy trend line.
Oh it doesn't get much better than this!!
What i expect now, is for the price to get back into the wedge, and from there, break up.
For those that do not know, if a falling wedge has a "dip" out the bottom, then the probability of it breaking upwards and hitting the target is higher.
Of course we still have to get back into the wedge, so i am speculating here. This is not financial advice.
Warren Buffet - "Buy when there is blood in the street."
Previously, i said Chainlink was in a Megaphone structure, and that any test of the bottom trendline would be a massive buy signal.
We got that test.... I am now looking at the $7 mark for Chainlink.
Of course any break below that trendline, and we could see a big decline, however with the strength that Chianlink has shown, i don't think its likely.
I was looking for a test of the .786 with a dip below the trend line. We have gotten that.
In a falling wedge pattern. I think we stay below the trend line for little while, with some sideways movement, then i expect a break up.
All in all everything is looking good. I am excited for the future!