The fractal continues to play out like the last Chainlink Cycle.


I started to see a bump and run pattern forming, so I went back to 2019 where we are now in the fractal, and we find the same pattern: a textbook bump and run pattern. There is now a very high chance that we will reverse from this point; we just completed the throwback with a double bottom candle pattern.
My position is still open from 14.6 and being added to the long position under 14.
At the moment, LINK is consolidating under the 1/1 Gann Fan, as you can see below.

According to the fractal, we don't get the real break till the 1st of December; it might look something like this.

The condition for this theory on the fractal playing out being invalidated is if Chainlink loses this lower high structure and breaks this red support trendline.
I started to see a bump and run pattern forming, so I went back to 2019 where we are now in the fractal, and we find the same pattern: a textbook bump and run pattern. There is now a very high chance that we will reverse from this point; we just completed the throwback with a double bottom candle pattern.
My position is still open from 14.6 and being added to the long position under 14.
At the moment, LINK is consolidating under the 1/1 Gann Fan, as you can see below.
According to the fractal, we don't get the real break till the 1st of December; it might look something like this.
The condition for this theory on the fractal playing out being invalidated is if Chainlink loses this lower high structure and breaks this red support trendline.
Note
Taking a closer look at LINK, it's interesting to note how closely we're echoing the patterns from the last cycle, especially when considering Fibonacci levels. Using a Fibonacci tool from the range low to the range high reveals a notable similarity. In the previous cycle, we hit a peak at 2.618 within the mid zigzag zone—quite similar to what happened last week. After breaking the 4.236 level, I decided to explore additional Fibonacci levels to see where we might end up. The projection? 55 Chainlink units by mid-December. It's an interesting observation worth keeping an eye on.crazy stuff
Note
now vs 2019 picture aboveNote
I don't think anyone is ready for what is about to unfold next 20 daysNote
Final move will range from 39-55 dollars , all depends what price we are in coming into 15th decNote
Everything is still making lower highs , LINK and BTC , the BTC dominance has been so strong this cycle dam , sometime this week end of week ETF will approve and we will get one massive candle coming out of these ranges , things just happen when we come to end of ascending triangles and volatility has been really low for BTC so a big move is brewing Note
Be very careful next 48hours there is a spicy setup here for exchanges to make alot of money looking at the netmap if price where to spike down to 36k we get 1.2 Billion dollars in liquidation and if we break 38.9 ,1.1 Billion dollars of short get liquidation , the classic stop hunt swing here in the making .Note
A quick flash dump to 36k to wipe all late longs and then a reversal .Note
that we take LINK down to 13 dollars in a flash dump wickNote
Will update tomorrow with new TA , not had time really just rushing out some comments on mobile.Note
and just when the whole market thinks we going to start a big rally it ends :P , we top out in 12-15days until april most likelyNote
Man this is getting really interesting , but targets to 50 dollars dont seem to be in play anymore , unless some LINK ETF news hmmNote
Nothing to worry about ppl this move is within the fractal , will be publishing a big TA soon next 48hoursDisclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.