LINK.USDT\BTC (Y20.P3.E4).TA on the Macro structureHi all,
My thoughts on LINK both USDT and BTC pairing.
My thoughts are:
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> LINK.USDT < based on the below chart, on the right plain
Based on my chart, we have a typical channel bull flag, as per chart and its found the fib. level 0.5 a area of demand and the 0.382 as support
On the daily, and longer time frames 2D, 3D etc the upward pressure is still there. However the weekly its dropping of
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> LINK.BST < based on the below chart, on the left plain
* I see a temporary rally against bitcoin while BTC consolidates (forming a bull-flag likely a wedge or pennant) for another leg up to 12K +
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Snapshot of LINK.USDT a bit early in the day when I planned to draft this post (ref. below I.Charts)
I believe for what ever comes to BTC top this year will be wave 5 followed by ABC or 123 downward impulse (correction) then to start the next wave up of the macro structure, from 2 to 3 point of the elliot wave.
Hence my thoughts is that many of the ALTs have made their top in this cycle and the remaining time will be the 123 impulse to find the bottom while BTC does the same.
Note, I did buy into LINK today with the understanding that it will fall short or double top before sliding further down as the previous cycles as shown on the main chart.
Please give me a like or tick for this post
Regards,
S.Sari
BTC fractal
My PREVIOUS LINK.BTC chart posted
Chainlinklong
ChainLink (LINK) LONG Falling Wedge in support of 50% Fib-RatioHello Viewers.
Chain Link after a huge boom of Rally, making it lie-under top rannked Cryptos, Possibly a breakout can be seen through the Falling Wedge, Potential Entry is around 50% Fib-Ratio, in support with Over Sold on MACD , RSI and MA"s. Potential resistances on charts are Targets to hit.
LINK with the cleanest PAIt's like everything looks long to me. But LINK especially looks the best out of all. Looks like it has just broken out. Should retest the blue line ideally and shouldn't go below if the immediate bullish sentiment is to be preserved. Targets and SL on the chart. Take a portion of at 52.7k sats.
Has ChainLlink Got The Juice to Push Higher?BINANCE:LINKUSDT
Can Link continue to resist the drag net of Bitcoin and find new highs even if and as BTC lags??
A long play for me at this point is a break and retest with bullish looking p.a around the boxed area $4.80/$5.00ish
Be interesting to watch this weekend, especially if big moves come for BTC...up or down.
Long zee LINK!L BINANCE:LINKUSDT
Looking for a long set up on LINK 1H.
A retest and wick rejection from the 4.65 boxed zone.
1:1R At what would be our newly formed 1H 'Higher High' and 1:2R at Daily resistance.
Stops below roundy bottom and impulse drive that broke somewhat significant resistance.
Updates as this plays out.
CHAINLINK / USD (LINKUSD) DailyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
This is not trading advice. Trade at your own risk.
Chainlink Looking Top Heavy On Weekly Chart
The fundamentals of Chainlink suggest this coin may become a monster.
Right now however the weekly chart looks top heavy and we might see LINK drop to $3 from its current 3.70 (a 22% decline) to find support before testing its ATH at around $5.
One to watch because above $5 its open price discovery and we currently expect LINK to be a top performer in the new bull run.
Chainlink bullish momentum - $7 USD soon...I don't usually post on Trading view so here's a little intro to myself. If you've been following me on Twitter @fintechfin you would know I've been holding a long term position in Chainlink - buying from 0.17c to $1.20. I plan to divest a majority of my capital around 2022 - 2023 as I believe this is when smart contracts will begin to be implemented within mainstream technology, of which Chainlink plays a fundamental role within. In the meantime, i'm looking forward to sharing some trading ideas with you all along the way!
So...I'll get into my chart analysis.YES, I do think it's possible to see Chainlink around $7 by the end of March. And even further anticipating the next impulse wave to come. This is for a few reasons, of which I will mention three of the most notable:
1. Chainlink is too fundamentally bullish to double top at $4.50 - 5. Chainlink is arguably one of the most adopted blockchain technologies by mega-corporations in the ecosystem (Ethereum a close second) with the likes of SWIFT, Oracle, Google, EEA, Microsoft and partners of IC3 including IBM, Intel, Cisco JP Morgan - Despite having only 1/20th of the market cap! Note: Most of these partners are in POC stage of development.
2. Volume is almost half of what it was last time LINK was sitting at 4.50, I anticipate a ATH in trading volume as-well as price.
3. According to Elliott Waves Theory, Chainlink is in its second wave approaching its third after a possible pullback. If we see a pullback around this region of the fibs I can see $7 as a likely possibility. In the macro trend of Elliott waves theory we also seem to be in the second wave. After $7 I can see a possible correction wave taking place which will leave us bearish until Q3 2020 when we see staking go live on Chainlink mainnet. Note: The date for Chainlink mainnet is pure speculation from watching the Chainlink developer pivotal tracker - link here: www.pivotaltracker.com
Why $7? Fibonacci, thats why.
Big love to you all, we're going to make it. My linky stays super stinky $1000 EOY lol
DEFINITELY NOT FINANCIAL ADVICE - I MAY OR MAY NOT ACTUALLY HOLD CHAINLINK TOKENS
$LINK trading happily in the green zone - red zone soon 👀$7.77Hi TradingView world. I thought I would touch base with you all again to show you something quite special. First, I'd like you to take a look at my ZOOMED OUT analysis of Chainlink. This should give you some perspective on the fibonacci retracement and some other historical trends shown on my short term trend analysis.
Link here:
According to my analysis (link above) mentioned earlier, Chainlink is preparing to enter its third impulse wave - all the while showing strong discipline towards the GREEN channel between 4.80 and 3.90 painted from the fibonacci retracement tool on a macro trend spanning over nearly 2 years. This trend is hinting towards a price movement to around 7.70. Although, some tingly feeling makes me think we'll hit at least 7.77.
DEFINITELY NOT FINANCIAL ADVICE - I MAY OR MAY NOT ACTUALLY HOLD CHAINLINK TOKENS
Chainlink confirming a breakThe accumulation on this trading pair has been strong and the chart has been one of the best charts in the cryptocurrency market through out 2019 and 2020
The RSI has regained EMA being pulled into the EMA and pushing off (Beautiful)
I believe is going to be one of the biggest gainers over the next two years, comparable to ETH in 2017