We need confirmation!
2025-02-09
Category: None

This is my idea on  BINANCE:LINKUSDT  and what to expect in next few weeks. There are few alt-coins made higher high and proved it potential, of course one of them is  BINANCE:LINKUSDT  . As you can see there are 2 zones I consider very crucial (marked as YELLOW). Which means people bought, or entered Futures-Long position when  BINANCE:LINKUSDT  reached those points and we all know that Link made Higher-High after that that's why I think those areas are very crucial. 

1. Unless  BINANCE:BTCUSDT  suddenly go up and reach 105k-110k area or  CRYPTOCAP:BTC.D  go down, we are not likely to see first scenario would happen. 

2. About a week ago whole crypto made huge squeeze, that squeeze tells me third wave of Elliot wave theory about to begin in 1D timeframe. The moment we close that squeeze I will consider Long position. In this scenario there there is a old Resistance point end of the squeeze, that would be very comfortable place to enter Long position. Which is at 15.

3. There is a minor support zone in 1W timeframe, which I marked it as red block. Also entering in Long position from that area will be very comfortable or we might see squeeze to 13-14 area and close a candle above 15 area which would great opportunity to enter Long position too. If we ever go lower than this point wait and observe will be perfect choice. 

In the end  BINANCE:LINKUSDT  still Bullish in 1W timeframe and I will be taking profits at 38 and 55 (ATH).