Cryptographic Truth Final Run (Chainlink)The final run is starting, ahead of schedule it seems!
The fractal did not play out the same during this section; it seems we are running much faster! Normally, during this part of the zigzag fractal, Chainlink takes 12-15 days to bottom, but we seem to have done so in only 6 days, half the time it normally takes. I have covered this in all the previous Chainlink parts with pictures; take a look at parts 1-3.(Links Below)
The golden pocket sits at $35, and the fractal date when it tops out is December 15th, 2023.
A mirrored move would take us to $30 mid-December. I don't believe we will mirror because history shows us this final leg is much more extreme than the first.
This TA below of a BTC/LINK Fibonacci time sequence has been correct for years at predicting Chainlink events the next date is April 24th 2024.
Whats going to happen who knows but what we do know is when these dates arrive things happen with Chainlink .
Already re-entered my long here, got in at $14.6 after the descending wedge broke. This rally is only going to last until December. After that, there will be blood, one more flush out for sure. Below, I presented why, in a Bitcoin TA, sometime from March-April 2024, there will be something big happening that takes Bitcoin down to $20k, and if that happens, LINK will also be coming down.
LINK
LINK will remain bullishlink inside the resistance penetrated more!
By checking the waves, we can expect the link to complete at least one ABC and after a short break, it will be bullish again
The current market situation is such that we need confirmation and trigger to drop any symbol
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Cryptographic Truth (Chainlink)I know the chart looks ridiculous; it's hard to visualize such crazy vertical moves, but we have to follow history, and so far, we are still mirroring the last link bear market.
When you go back and spend time analysing Chainlink movement, you can you see that all of the big moves happen within a 40 day window, yep thats it 40days, extreme volatility and then its over in a blink of an eye.
Lets go back from the very start of Chainlinks history, well atleast to where the Coinbase chart starts.
2017
The first ever big Chainlink move from start to finish happened in just 40days.
2019
The second big move chainlink did lasted just 46 days and it was over , as soon as we broke the range we launched straight up to the 3.618.
2020
The next move higher was again the same break of range 41days till top.
2021
We also did something similar here we broke the range and within 30 days we break all time high again , then kept on pushing higher during the bull market for the blow off top.
As you can see when chainlink breaks this range it could just be 40days of "only "up" and then its over.
For the past couple months I have been following this bear market fractal that played out of chainlink last cycle. Its been close , very close , even now the last pullback was nearly the same .
So if the pattern continues to play out Chainlink will break out of the range October which lines up with "smartcon".
In the last TA about chainlink I went over all the past Octobers and saw that there has only been one October that chainlink has finished in the red , just when it got listed.
Oct 2017 -55%
Oct 2019 +49%
Oct 2020 +28%
Oct 2021 +19%
Oct 2022 +2.75%
So where does it go once the range its broken, thats the magic question if it repeats last cycle we talking about 170 dollars by January 2024.
I think if there is a explosive move it will be back to all time high just under the 8/1 Gann Fann.
My Eillot wave indicator is lining up with the 8/1 nicely and again the move would only last 40ish days
Chainlink broke all time high four times before the cycle peak with Bitcoin, question is will it do it again.
It's Time , Chainlink RallyStart here:
At the bottom of the comments of the TA above links to the next in the chain.
We have been 518 days in this range; you have had 518 days to buy Chainlink under 8 dollars.
I have been following this range for a very long time, and now I believe it's time we finally break it to the upside. The bar pattern keeps on playing out perfectly, so the next step of the fractal is a test of the top of the range with a break this time.
If you looked at the TA I linked above, you should know that we have been following a very specific bar pattern.
Chainlink had a small pullback at the top of the range back in 2019, which is very similar to what's happened right now. In 2019 there was a pulled back to the 0.618 Fib before making the big move out of the range and now we have a pullback to the 0.5Fib very similar moves.
According to the bar pattern, we will break the range in the next 7 to 10 days. Once that happens, the chances are there will be a multi-month rally, which is not to be confused with a bull market rally because the bull market does not start until the end of 2024.
If you've been procrastinating about buying Chainlink, your time is up. We looked at Chainlink's history; we know that after a break in the range, we could get a very aggressive move. There won't be time.
I think I have covered everything in the last few TAs on Chainlink. The time is now; the trade is simple:
2XL leveraged Chainlink tokens on Bybit, and we hold till December 2023. Whatever the price—20, 35, or 50—that trade will be closed based on time and the bar pattern fractal.
So to conclude:
1. First bullish monthly cross on Chainlink's history MACD
2. Bullish bar pattern fractal mirror
3. Lower high candle structure the weekly
4. Break of downtrend resistance on the LINK/BTC
5. 518 days of accumulation
🔥Bitcoin is Going to Make It: Will 2020 vs 2023 Pattern Repeat❓Bitcoin draws the similar to 2020 pattern. What is this pattern?
1. Dump from the highs by -15-20%
2. Creating the High(H)-Low(L)-Higher Low (HL)-Lower High(LH)-HL-LH structure or a simple triangle before the breakout.
3. Psychological pressure on retail or FUD:
2020: Dump of Bitcoin below $3k
2023: Binance and ETF FUD
The small diference is the Lower lows (LL) in 2023 (now) and Higher lows in 2020. I think this was just the manipulation by the "whales" to trap the retailers and collect more liquidity.
It's clear that ETF will be aproved when no one expect it. I think that the targets for BTC will not be higher then $34-40k. Altcoins will pump by 3-10x depeneds on your portfolio. Such major news (aplies of ETF etc.) always finish the growth of Bitcoin.
$34-40k will be a local highs before the -40-50% pullback and continuation of the parabolic growth during the 2024.
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🔥Bitcoin and Altseason: Do You Still Have Chance To Buy Crypto❓🔥Bitcoin is growing from $17,000 to $44,000 in less then a year. I bought it there and still hold it with other the most promissing altcoins.
I explained my thoughts about crypto and the upcoming opportunities in the NEW video. Enjoy watching!
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Chainlink's Perfect Entry Point with RSI at 52
Chainlink (LINK) that could potentially skyrocket your trading profits. Brace yourselves, because this is a call-to-action you don't want to miss!
Chainlink has recently presented us with a picture-perfect entry point, as the Relative Strength Index (RSI) stands at a tantalizing 52. This indicates a healthy balance between buying and selling pressure, suggesting a potential upward trend shortly. But that's not all! The Awesome Oscillators have remained steadfastly positive, further reinforcing the bullish sentiment surrounding Chainlink.
Now, you might be wondering, "What does this mean for me as a trader?" Well, my friends, it means an incredible opportunity to go long on Chainlink and ride the wave of potential profits that lie ahead. With the RSI at 52, we have a favorable entry point that allows us to capitalize on the expected price surge. Combine this with the positive Awesome Oscillators, and we have a recipe for success!
So, let's seize this moment and take advantage of Chainlink's promising position in the market. By going long on Chainlink, you can position yourself to potentially reap substantial gains as the price surges. Remember, timing is everything in the fast-paced world of trading, and this could be the perfect moment to strike while the iron is hot.
To get started on this thrilling trading journey, I encourage you to take the following steps:
1. Conduct a thorough analysis: Dive deep into Chainlink's market trends, historical data, and any relevant news that could impact its future performance. This will help you make informed decisions and maximize your trading potential.
2. Set up a trading plan: Determine your entry and exit points, establish risk management strategies, and set realistic profit targets. A well-thought-out plan will guide you through the volatility and keep you focused on your trading goals.
3. Execute your trade: Once you have done your due diligence and devised a solid plan, it's time to put it into action. Open your trading platform, select Chainlink, and go long with confidence.
Remember, trading involves risks, and it's crucial to exercise caution and trade responsibly. Always consider your own risk tolerance and financial situation before making any investment decisions.
Now is the time to harness the potential of Chainlink's perfect entry point with RSI at 52 and Positive Awesome Oscillators. Don't let this golden opportunity slip through your fingers! Get ready to embark on an exciting trading adventure and potentially reap the rewards that await.
BRIEFING Week #49 : ETHBTC keeps playing the mystery game !Here's your weekly update ! Brought to you each weekend with years of track-record history..
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Chainlink Wave - Ascending Triangle Signals a Bullish Breakout!
I am thrilled to share that Chainlink has been forming an intriguing pattern on the charts - an ascending triangle. This pattern indicates a potential bullish breakout in the near future and presents an excellent opportunity for traders like us to capitalize on this upward trend. So, fasten your seatbelts, my friends, because we are about to embark on an exhilarating ride!
For those unfamiliar with an ascending triangle, it is a bullish continuation pattern characterized by a series of higher lows and a horizontal resistance level. As the price consolidates within this pattern, the pressure builds up, setting the stage for an explosive breakout. With Chainlink's recent price action, it becomes evident that the bulls are gaining strength and are ready to push LINK to new heights.
Now, you might be wondering, why Chainlink? Well, let me tell you why this cryptocurrency has caught my attention. Chainlink has established itself as a leader in the decentralized oracle space, providing reliable and secure data to smart contracts across various blockchain platforms. Its innovative technology and partnerships with major players in the industry have positioned it as a key player in the rapidly growing DeFi ecosystem.
Considering the rising demand for decentralized finance and the increasing adoption of smart contracts, Chainlink's value proposition becomes even more compelling. As the market continues to recognize the importance of reliable data feeds, Chainlink's role as a bridge between the real world and blockchain technology becomes increasingly vital.
So, here's the call-to-action, my fellow traders: it's time to go long on Chainlink! With the ascending triangle pattern signaling an imminent breakout, now is the perfect moment to position ourselves for potential gains. By taking advantage of this bullish momentum, we can ride the Chainlink wave and potentially reap substantial profits.
Remember, as traders, we thrive on seizing opportunities when they arise. Chainlink's ascending triangle pattern is a clear indication that the time to act is now. So, let's dive into the market, set our stop-loss orders strategically, and ride the wave of potential profits that Chainlink promises.
As always, please conduct your own research and consult with your trusted financial advisor before making any investment decisions. The cryptocurrency market can be volatile, but with careful analysis and a well-executed strategy, we can navigate these waters and come out on top.
Wishing you a successful trading journey ahead!
Link level held
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#Link Update
Held the 13.40 level,
in at 13.57. 🧵
Been a while, but got some ups.
Taking some off up here.
Still in the sideways zone,
even with a pop of the high, could just be a b/x wave.
Careful if 16.60 pops!
15.39 is my new level of interest.
#Altcoin #Elliotwave
ChainLink Long Term StrategyLINKUSDT 3D
Hi folks,
🔸Let's take a technical look at LINK, which I have reviewed at the request of a precious friend.
🔸With the ongoing downtrend since May 2021, the product reaches its local bottom in May 2022 and begins the accumulation process.
🔸From May 2022 to October 2023, it lined up candles next to each other in the roughly 5-9 dollar region, as if dancing halay.
🔸After the accumulation process lasted for 17 months, LINK, which started to make investors smile again, got stuck at the first and strong resistance of 16.15.
🔸Our support level below is 12.16.
🔸In this technical analysis, in which I believe LINK will gain value in the new bull rally, I have conveyed to you the levels LINK can reach with Fibonacci.
🔸Especially with prices above 28.63, it will be mentioned a lot.
🔸Thank you for reading, I will make updates from time to time.
Chainlink’s Market Cap Soars 143% As Whale Hordes $50 Mln LINKChainlink whales has added more than $50 million worth LINK in just 5 weeks results in a huge surge in LINK's market capitalization.
Chainlink has shown a huge uptrend recently after the Staking v0.2 upgrade. Flashing light on recent developments, Swell Network has integrated Chainlink CCIP for faster transactions. As soon as the announcement was shared, whales started accumulating LINK and in response to that Chainlink (LINK) price gained 8% in just two days.
Chainlink (LINK) Top Whales Added $50 Mln
Onchain data analysis platform Santiment shows that over the past five weeks, the 200 largest wallets have strategically added a staggering $50 million worth of LINK to their holdings.
Chainlink’s market capitalization has experienced an impressive overall growth of 143% in just five months. What’s even more noteworthy is its exceptional performance compared to Bitcoin, with a remarkable uptick of 93%. With this, Chainlink is now ahead of all other altcoins that have experienced whale accumulation.
If we go in-depth, this massive market movement could be attributed to the recent shift from Staking v0.1 to v0.2. According to the announcement, the Staking v0.1 pool became inactive on November 28, 2023, and is no longer emitting rewards or securing Chainlink services. The LINK holders who participated in v0.1 have to migrate their tokens to staking v0.2 according to the staking program.
The v0.2 community pool has been filled with 19,041,871 LINK tokens with a limit of 40,875,000 LINK.
At the press time, Chainlink (LINK) price was trading at $15.66 with a 5.56% increase in the previous 24 hours and a 5.96% increase in the last 7 days. With a 24-hour trading volume of $613 million and a market cap of $8.7 billion, Chainlink has moved up.
The latest increase has also resulted in a substantial rise in Chainlink’s Total Value Secured (TVS). The TVS was recorded as low as $13 billion last month. However, in early December, the TVS surpassed $16, and that too in Staking alone, leaving many Defi protocols behind.
Since the beginning of the month, the Chainlink price has been on an upward trend, increasing by more than 8%. The consolidated close for November had aroused concerns, but subsequent whale activity has shown that the LINK price has a clear route in the next few days.
If the whale activity persists and investors enter the market, LINK is poised to break the $20 Resistance within this year.
LINK/USDT Break the Ascending triangle. Ready continue upward ??💎 LINK has been a major point of interest in the market. It's currently showcasing a breakout from an Ascending Triangle pattern and is entering a retesting phase at a level that was previously resistance. Should this retest result in a bullish candle rejection or a strong bounce from the support, probability it indicates a high potential for LINK to resume its upward journey and aim for our target in the major supply area.
💎 However, if LINK fails to maintain its position above the support level during this retest, it might suggest a false breakout. Typically, such scenarios lead to a downward movement, with the next key level being the demand area located at the support trendline of the Ascending Triangle.
💎 In the demand zone, a decisive bounce is crucial. If LINK only consolidates without a significant recovery, there's a risk it could lose this crucial support zone. This could potentially lead to further downward movement, possibly taking LINK back towards the Bullish OB area.
🚀 Link Breakout: Next Target 14.44! 🎯Hey Link Traders! 🤟
We've been riding the Link wave and it's been good to us! 🏄♂️
📈 Chart Analysis: The chart is as straightforward as it gets. We've been in a channel, hitting resistance and finding support like clockwork. 🕰️
🎯 Next Target: After the recent breakout, our eyes are set on 14.44. This level is the one to watch. 👀
💰 Last Entry: We got in at 6.03 and took profits along the way. The chart has been working like a charm. 🍀
🛑 Exit Strategy: If the price dips under the new support, we'll go short. But for now, we remain long. 📊
🔥 Why Link?: It's been one of the most reliable altcoins, and we've been quite active in trading it. Chainlinks is an oracle network that allows smart contracts to interact with data from off-chain. Web 3 beauty🐝
That's it, folks! Keep an eye out for more updates. 🛰️
One Love,
The FXPROFESSOR 💙
LINK target 19.112h time frame
-
LINK is creating a triangle pattern, this might be a continuation structure for the pump from 10.5 to 16.6, which means LINK can reach higher price if break above this triangle pattern.
Also, LINK just retested 0.382 Fibonacci Projection and had support, enhancing the probability of continuation structure.
TP: 18.27~19.1
SL: 13.65
🔥C98 Copy Aptos But On WEEKLY❗️C98 one of the top projects on Binance. It start to recover after -98% dump and has an amazing potential.
You can see that this price pattern on WEEKLY is very similar to APT patern on DAILY chart. So the growth can be even higher because of the pattern on HIGHER timeframe.
💥 The targets are on chart and bullish pennant start to appear globally. Where will be the next stop for C98? Only Binance knows.
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🔥CTSI Is At The Bottom...STILL: TOP ALTCOIN ON BINANCE🚀Cartesi broke the massive 2-years triangle and ready to blow up. The test of the triangle as the support only confirms it.
The targets are on chart. It can take few months but it worth it🚀
💥 Check my other trading plans where altcoins haven't shown such rapid growth as well.
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LINK/USDT Ready for Bullish Rally?👀🚀 LINK Analysis💎 Paradisers, gear up for a promising trading opportunity with LINKUSDT. The asset is currently showing significant activity within the demand zone, suggesting a potential move towards an upward trend.
💎 ChainLink has been diligently following a trading channel pattern. Its recent breakout above this pattern suggests a likely rise to a resistance level, before a prompt pullback, aligning with its established trading behavior.
💎 There's a strong chance of a bullish trend starting from the support level at approximately $14.29. Having effectively broken out of the trading channel in an upward direction, LINK is setting its sights on resistance levels around $16.61.
💎 Precise timing is key for astute Paradisers. Identifying the best entry points during this upward phase is essential, and it's wise to exercise caution to avoid buying at the peak of the trend.
💎 Stay alert, as there is also a risk of LINK falling below the support level of $12.86. A breach below this vital point may cast doubt on the potential for a sustained upward trajectory.
🔥HOOK Is Breaking the Wedge: This Fresh Altcoin Has PotentialHooked broke the wedge. The test of the wedge will be a bullish signal and return to the wedge will be strong bearish signal. Also the test of $1.04 will be the bullish signal as well.
$1.04 and 2.6 are the key resistance levels and the main targets for Hooked.
As you remember guys, this is just the local targerts and it will grow much in price during the Bitcoin bull market.
💥$44M is very low cap for this altcoin on Binance
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