LINKBTC A head of a massive bullish break-out.The Chainlink / Bitcoin (LINKBTC) pair made a first and important move towards a bullish break-out last week as it broke above a Lower Highs trend-line that was holding since August 2020, practically dominating the recent Bear Cycle. Despite the break-out though, the 1W candle was rejected on the 1W MA100 (green trend-line) and 1W MA200 (orange trend-line) zone and closed back below the August 2020 trend-line.
This is holding the bullish break-out into a new Bull Market back but as long as the Channel Up (green) is holding and the 1W MA50 (blue trend-line) supporting, we will most likely see another attempt. Judging by the 1W RSI, we most likely need it to break above its 62.00 Resistance Zone, which started on May 03 2021 and has another two rejections under its belt.
In the meantime, notice how the Fibonacci retracement levels have shaped the price action since August 2020, with the High Volatility Zone located within the 0.618 - 0.382 Fibs. As you see, last week's rejection was conveniently made also on the 0.382 Fib, currently a major Resistance, while the Channel's October Low on the 0.236 Fib, which is the Support. A break below, basically restores the bearish trend.
A break above the 1W MA100 and 0.382 Fib on the other hand, should in short time test the 0.618 Fib, i.e. the top of the High Volatility Zone.
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Linkbtcsignals
Chain Link is Trying to Move- expect a Giant Move in Coming daysBINANCE:LINKBTC Looks Nice atm. It remained in ranges during Last few weeks.
Most of indicators are taking a shift towards bullish bias and volume had increased over past 2 weeks.
Currently Needs a bit more Volatility but a breakout looks like around the corner. Its a 2 day chart it can take time to develop do not fomo buy.
Weekly levels zoomed in
Happy trading
LINK / BTC weekly analysisLINK / BTC
we can see strong bearish action on last weekly candel (about to close)
I expect price will visit next weekly key support level (0.00050 - 0.00042)
And also 100 W moving average in same area
If price drop there price is expected to bounce
but the most safety approach is to buy After break of trendline resistance
If price will breakout we can set nice order with suitable stoploss
Support us by likes comments and follow
Good luck and happy trading
LINK 12h What is more likely $15 or $8.80?Let's start with the fact that the previous idea started working out just a few hours after publication.
Also, the current situation on LINK fits into our global idea , which is already 3 months from the publication date.
Having reached the targets near $11, the LINK price began to bounce. After testing for strength $14.8 first, buyers stopped. However, a new buyers' attempt to attack gave worse results. From 4 to 6 December, buyers had enough strength to test $13.5.
Of course, if BTC breaks the consolidation up now, LINK may join. But there is a doubt that the price after fixing above $13.50 will be able to grow above $15.
It is more likely that the price will lower below $12.30 and drop out of the channel. And when this happens, the first level from which a strong corrective bounce can be expected will be $8.80.
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Support levels to stay above on to break THESE next resistances*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
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CHAINLINK BUY AND SELL ZONES!!So everyone knows about chainlink buy now unless your living under a rock, but if so thats ok, heres some quick and easy buy and sell zones to keep an eye on.
everytime the RSI is over sold it tends to be a great buy time or DCA (dollar cost averaging) in. also around the bottoms before next run MACD seems to be a little laggy but histogram is right on.
The same goes for the over bought on the RSI tends to be a great time to sell. be good time to probaby scoop up a little on this now if you wanted. it wouldnt hurt.
LINKBTC Time to start buying in two stagesUnfortunately a lot of traders rushed into LINK and bought the August top when in fact there was no confirmation on the long-term charts (1D) neither from the MA200 or the RSI. What do I mean by that? Traders who follow me know that I've been a LINK buyer for a few years now but only on the right levels, as I've been posting on my studies, including those below:
As seen on the chart, every time LINKBTC makes an All Time High ( ATH ), the price pulls back below the previous ATH and touches (some times marginally breaks) the 1D MA200 and then rebounds to make new ATH. The sequence has been repeated several times since 2018, solid enough to make it a reliable pattern. However on the High of July 17, the price rebounded without touching the previous ATH of 0.000566 nor the 1D MA200. So there is a gap to fill there and in fact currently is getting too close to the 1D MA50. Whether it rebounds there or actually touches the ATH too, we can't know, but both definitely make low enough levels to buy. On top of that, the MA200 bottoms have coincided with bottoms on the RSI. As you see the RSI is currently on tha clear Buy Zone.
Take advantage of the above factors and jump on the wagon on time for the most optimal risk/reward ratio.
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LINK making rising wedge patternLINK is making higher highs and higher lows after being rejected from a weekly support level, making a rising wedge pattern.
Usually, Rising wedge pattern indicates a bear movement.
But here in this chart as you can see, the candles in between the two trend lines are respecting the support and resistance of trend lines.
Link is right now at a very crucial stage, as it is below the daily resistance level. It has to break the daily level in order to continue the rising wedge pattern.
Volume as I mentioned in the chart, is decreasing but the movement is upward rising, indication a VOLUME DIVERGENCE. (Bearish Move ahead).
Volume has to increase in order to break the daily level.
82239 is the daily resistance level, it must be broken then next move would be to test the resistance at 85036.
If you want to long, wait for candle to form above daily level, then move could become bullish up to 85036.
I have described both the situations. Now it's up to you to decide.
I don't create FOMO's. I Just try to give you the clear picture so that trading decision becomes easy for you.
I only make these charts for educational purposes. I am not earning anything, FREE TA.
Good Luck.
LINKBTC Should we rush to LINK already?This is a simple chart and food for thought for those who want to rush on to the LINK wagon. You all know I've been a big LINK fan for a few year now and I've been posting my expectations including those below:
This study is attempting to put the question above into perspective using the behavioral pattern after ATH and the RSI fluctuation.
As you see on the chart, every time LINKBTC makes an All Time High (ATH), the price pulls back below the previous ATH touches (some times marginally breaks) the 1D MA200 and then rebounds to make new ATH. The sequence has been repeated several times since 2018, solid enough to make it a reliable pattern.
On top of that, those MA200 bottoms, have coincided with bottoms on the RSI. As you see there is a clear Buy Zone.
Take advantage of the above factors and jump on the wagon on time for the most optimal risk/reward ratio.
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LINKBTC skyrocket will finally do correction??? after huge strong run LINKBTC hit 0,00092 level as ATH and started to retreat around 0,00074x area and gave strong reaction and again fueled up and reached 0,00084x area. According to the weekly chart our expectation is to do correction with the time till 0,0005 - 0,0006 area. Seems with the time it will touch to the support line.
Update on the LINKBTC outlookIn May I posted this idea expecting a strong bullish break-out on LINKBTC from its Triangle:
For reference take a look at this too:
It happened as planned and now it is time to give an update as the rise has been very strong and already hit the inner Higher High trend-line (red dashed) of the 2 year Channel Up, which can be seen also as an inner Rising Wedge.
Based on the break-out on the previous Triangle, LINKBTC is either on the first peak (which pulled back to the 1D MA20 and rebounded) or the second and final peak (which pulled back to the 1D MA200 and rebounded). See the blue flags. It is obvious that in any case it is best to wait for a pull back before buying again. As long as the dashed lines of the inner Rising Wedge hold and the 1D MA200 works as a rebound point, the action is 'buy-the-dip'.
For reference, have a look at my November 2019 idea, which played out to exactly as planned:
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LINKBTC Break-out Buy SignalPattern: Rising Wedge within a Channel Up, +2.5 years running.
Signal: Bullish as the 1D MA200 held twice within the Rising Wedge. Confirmation comes when the Triangle Lower Highs (inner) break.
Target: 0.00075 (below the Inner Higher Highs trend-line of the Rising Wedge).
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Previous buy signal on LINKBTC followed the pattern to perfection:
#LINKBTC LONG.. #LINKBTC should be followed carefully. The trend line I mentioned in the chart has worked as a very good support from the past to the present.. ma10 and ma20 have already formed an upward intersection, in #LINKBTC, if the ma50 resistance is broken, we can see serious upward movement.. We will wait and see..
Disclaimer: What I wrote is not investment advice.. Please do your own due diligence when it comes to crypto-investing.. Never put in money that you cannot afford to lose.. Invest at your own risk..
I wish you all the best..
LINKBTC CHAINLINK INVERTED H&S PRIMED FOR SHORT-MID Sorry to keep it short & sweet with another quick 2 publications today! I promise I"ll make a nice fat juicy/lengthy one tomorrow :)
TIMEFRAME: Mid.
RiSK/REWARD: LOW/MID
Everything you need to know is on the chart including the stop (included 2 figures)
Personally I'm going for TP2; CHAINLINK has been and will be one of the more promising tokens ushering in 2021 & is (much like MIOTA/CARDANO) one of those "game-changing" tokens that burst onto the scene & quickly breached the top 50 mkt cap....and became self-evident it was there to say.
Not posting any stonks (not anytime soon) publications so don't hold your breathe though I will include XAU/XAG LONGs when I can catch a breathe FFS (or some sleep =*( )
Peace & Love
-@a1mtarabichi
Disclaimer
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
#Chainlink | Update LINK made a good rally in the previous month 135%
And we had expected this rise before it happened. You can see the idea below
The price has entered a correction period for about two weeks, and we expect this correction to end with the weekly candle closing and then continue rising