Trendlines Support Price Action On Chainlink Going Higher

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    rollandthomas

    Published on Oct 22, 2020
    About :

    Chainlink might be underperforming in terms of Bitcoin, but his still shining against the US dollar. As long as the intermediate and longer term trendline supports price, Chainlink is going higher.

    https://www.newsbtc.com/analysis/link/chainlink-link-poised-to-plunge-against-bitcoin-as-technical-setup-weakens/

    https://www.forbes.com/sites/billybambrough/2020/10/21/is-this-when-to-buy-bitcoin-ethereum-litecoin-ripples-xrp-chainlink-and-other-cryptocurrencies/#31f305d419b2

    I use multiple time frame (MTF) analysis to improve my discretionary trading decisions. MTF analysis involves analyzing the same asset on multiple time frames. The rule of thumb when using MFT is you want your charts to scale down/up by 4X – 6X. In my case I tend to look at:

    Monthly Charts (curve time frame) – which represents that jet fighter flying over the football stadium.
    Weekly Charts (trend time frame) – which represents the concession stands looking down at the field.
    Daily Charts (entry time frame) – which represents being on the football field with the player.
    4 Hr Charts (entry time frame) – which represents the center hiking the ball to the quarterback.

    Tags :

    leofinance crypto neoxian palnet bitcoin

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