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Linkbtclong

LINK/BTC TA Update (Another Bull Rally?)LINK/BTC LINK is potentially painting the same scenario of a bullish bounce last Sep when the price bounces back above the 200 Day MA and broke the trend-line resistance. The market trend changes and completely sky-rocketed over 150% last time. Is LINK going to copy the same trend again? Well, technically is still possible if LINK will finish strong, erasing this trend-line resistance. Challenging to retest the swing High at 35k sats area is the long shot for the bulls. I'm currently in favor of the Bulls as we can the 200MA is acting as dynamic support and we have a nice RSI divergence to the upside. If you are playing a Long position, you can place your stop-loss below swing Low at 24k sats or just underneath 200MA.
Long
by PolarHusk
LINKBTC Has Completed Bullish Setup | A Good Long OpportunityIn the month of Sep 2019 the price action of Chainlink took the power full bullish divergence and after making upto 131% bullish move now the price action has formed a falling wedge which was initiated in Oct 2019. Now the price action is likely to bounce from the support of this falling wedge in the meanwhile the priceline is also getting bounced from the lower bands of Bollinger bands before hitting the support of pattern and Bollinger bands support the moving average convergence divergence (MACD) was strong bearish now it has turned weak bearish and Stochastic has given bull cross from oversold zone the relative strength index was also oversold and now turned bullish. On 4hr chart the Exponential Moving Averages EMA 10 an EMA 20 are giving bullish signals by forming golden cross and lifting the price action up: The price action might have some price correction coz it has made sudden up move after hitting the support however the price action will hit the Fibonacci projection of tail to support of the channel between 0.382 to 0.786 Fibonacci soon so we can set our sell targets between: 0.00029175 to 0.00033581 So it is upto 34% profit potential trade, however we should set our stop loss using support of this falling wedge in case of complete candle stick closes below this support area. Regards, Atif Akbar (moon333)
Long
by moon333
LINK/BTC - Fractals to noticeLink has been one of TOP performers last 6 months. In this chart I bring a scenario for bulls out there who think that Link is still about to grow and just looking for an accumulation zone. There are significant fractals with the previous price action: First thing we can notice is the (non)importance of 200D MA - Correction during a bull cycle played both previous times so, that Link went under the 200 MA and stayed there for a couple of days, or even weeks. Afterwards it bounced back up with nice momentum and volume and began a new bullish sub-cycle. Historically speaking, the accumulation period happend UNDER the 200 MA on daily chart. The safest thing to do is wait until it goes under the 200 MA and bounces back above it. Only then we can be somehow "sure" that it will continue up. For all gamblers out there - there is one more option and that is katching the knife on S/R flip priced 0.x24 BTC. It is much more risky, but you can get a really good RRR here. Before any entry, I would also like to see fractal similarity on RSI as it is marked in the chart.
by Blockspacecz
C&H coupled with strong volume great SHORT TP CHAINLINKAs usual; set your stop losses first: $10.46 STOP These are short exit TP1-3 target positions from conservative to moderate to aggressive stances. .. it is more than likely TP1 will hit within 24h whilst TP3 can occur anytime between now and 72-90H; contingent on many indicators/variables, most prominently BTCUSD priceaction as it struggles at the 21 MACD to hold key support & is currently rustling in a tug-of-war to break resistance & fire off to the $9200 range, otherwise downtrend continuation to $6-8K may be looming. Will update later with pairings including LINKBTC & LINKETH as those are viable as well... TP1 $11.65 TP2$12.31 TP3 (AGGRESSIVE) $12.70 Disclaimer Due to market volatility -- take any and all TA with a grain of salt; including/esp. my own. Please trade responsibly, and not a penny (or satoshi) more than you can afford to lose! TradingView/Twitter/LInkdeln [* ]-@a1mtarabichi
BIST:LINKShort
by UnknownUnicorn3861629
LINKBTC: Watch This Range (23k - 29k Sats)As an update to the post below, this post outlines a trend LINKBTC has respected for almost a year. Bears would like a break down from this support zone entirely, while bulls will want to see a rebound sometime soon, or even a short consolidation period above 23k sats at the minimum. In the bullish case, a bet on macro trend continuation following a 40W mean reversion does seem somewhat logical, as previous 40W mean reversions resulted in a series of new ATH's in rapid succession. In the bearish case, you can see price decline slowly like a popped bubble. This is also a pivotal moment for FA, with Oracle announcing their Chainlinked startups on Tuesday. As long as the project maintains interest as it has been doing, I personally don't see Chainlink going away. In the case of macro trend continuation, I'm will continue to see if my second idea linked below plays out. Good luck! Twitter: twitter.com
by see_are_em
LINK/BTC - BULLISH looking to tap ATH vs BTCLINK/BTC has broken out of the kumo to set a new trend for itself on the 5th this month. For Ichimoku traders Link = Bullish Above the cloud, Chikou above the candles and we had a Bullish TK cross. All signs look good for Link. Recently broke out again so I am looking to bid the Tenkan for the next long trade around 31500 sats. If we break above the 618 we could see the full movement to 47000sats. This would be a long short, but possible with its current trend vs. BTC. Leave a comment in the section below if you agree or disagree always great to chat about TA. You can find me on Twitter: @coachkcrypto Coach K
Long
by Joel_CoachK