Link short swing tradelink has broken out of the 1month long channel, doing a retest right now and it is a good chance to start building up your short position from here, as my bias is bearish, i think btc will kiss the 54-55k and then comes the blood, a lot of blood, where drowns the Chainlink, might take more than a month
Linkshort
Link goes short Hello trenders,
Today we be checking on Link path to correction.
Framed in the channel shows a correction to 35 USD with a mini-support level
What to watch for to confirm is the bull flag breakout on the low side, that is our entry.
MMM (Make Motherf.ckin Money)
Invest your money wisely, be patient.
LINKLINK / BTC breaking down, my bids are at $24.51 let's see if that gets filled and also hopefully the dump ends there. ;)
LINK ShortInterlink Electronics is an OTC stock that saw a large run up in share price on relatively low volume. The problem with OTC stocks is companies can sell shares back into the market creating somewhat of a "pump and dump" effect often times when these large run ups occur. The stock sold very quickly on 2/11/21 and during the price drop most of the volume took place around 15.18 which could be a good reference point later on. However, my expectation is that unless there is a partnership in the works or an innovation of product I do not expect any move back into those areas. The near term resistance for this stock to first break would be 13.88 and I wouldn't expect a close above this area only perhaps some potential intraday moves. My bias on this stock is that it returns to value or near where value was in January which would be closer to 9.14. Strictly from a technical standpoint, the stock looks like dead money and I expect most of next week to consists of short sellers closing out and potential for more share selling from Interlink into the market to perhaps regain equity. On the more fundamental side of things, this company has seen a decrease in EPS which is a good indicator of the stocks value relative to profitability. Their book value per share has also been relatively flat which concerning as it shows that the company hasn't been growing or coming to par with market competitors On a lighter note they recently brought on Maria Fregosi who specializes in financials, helping establish HMPT which has become a well preforming and established margate lender. For now this is the only bullish point I can make for the stock and I don't expect it cause any real floor establishment at these prices for the underperforming company.
No Choice but Shorting LINKHonestly, this is a very difficult chart to apply technical analysis on. We can see that none of the tops align, none of the bottoms align. It doesn't matter where you look, there is almost no possibility to draw horizontal areas.
Most often when this happens, the price is moving in a trendy way. There is an inherent continuous down- or upforce that moves the price in a direction. The only moves that move away from that direction are the shorter moves. No complete retracements can be found.
We unfortunately see that LINKUSD is in a downtrend right now. The tops keep consistently dropping. There is a small upwards pressure at the moment forming a symmetrical triangle. However, I just see this as a great opportunity to enter a short still on a relatively high position.
We need to admit LINK is moving to lower areas, I suggest to open a short position and try to trade it at least until the most recent bottom.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
LINK Short term Bad news Long Term Good News (Hopefully)We got Link here on the daily for the people requested by the people. LINK should break lower, stack up at 8.25; looks like, then I would be taking Profits at 12.20 , and finally we got a long stretch but either could bounce off the Bottom FIB and head towards our ultimate goal of 21.50 or .. If not we will be looking at even lower numbers. Sub 8.20's.
If you have a currency or stock you would like me to take a look at hit up my inbox. ohhh btw if any of my ideas make you rich AF please feel free to ask me for my btc wallet address lol.
LINK/USDTI have two plans for LINK
🟢1️⃣ As you can see, it is in an upward trend and if it can continue this trend, it can reach the specified levels 14,22 14,8 ...⬆️⬆️
🔴2️⃣ Or it can not continue its upward trend and correct to lower levels↘️↘️
Consider sensitive market conditions and make careful, patient, smart purchases 😌😇...
Good luck friends ✌✌
.. Like and comment please♥️✏
ChainLink - $LINK - Let it play out...No one goes into the market thinking they should buy at the high and sell at the low. The problem is that at the moment when faced with the ups and downs of the market, it’s hard to resist the urge to do those things.
Trading is all about spotting emotional excesses either to the downside or the upside.
You want to be on the right side of those emotional reactions and not the wrong.
#LINKUSDT: I'm SHORT/BEARISH position up until ( GREEN BOX ) Fibonacci retracement levels 50% ; .618% I expect that $LINKUSD will rip down.
This would mean that CHAINLINK will lose more 50% of its current value against USDT Tether before it can recover.
Well, I keep you updated as this timely issue evolves.
If you want to win in this market, you need to be COLD and CALCULIST.
Good luck!
#LINK #CRYPTO #LINKCHAIN #CHAINLINK #ALTSEASON2020
$BTC $BCH $BNB $XLM $EOS $ETH $ADA $LTC $TRX $XRP $IOTA $LINK $XTZ $BTT $XMR $NEO $BTT $MATIC $XMR $MRK $XEM $ONT $DASH $BAT $ZRX $LSK $NANO $REP
#altcoins #bitcointrading #BuyTheFear #BuyTheDip
Amazing call on link ...whats next targets ?Yesterday we shared with you this idea about link that it was looking bearish in both usdt and btc pairs see here :
Price broke the trendline support and fall from rising wedge as expected
As long as price cant get close by daily candel above 10.74$ -10.8$ (0.5 fibonacci level)
(Also this level is the trendline support breakdown level)
We can see next target easy
Potential next targets to be reached :
Target 1 : around 8.5$ ( 0.618 fibonacci level )
Target 2 : around 7.3$ ( was recent low for link )
Target 3 : around 5.5$-5.3$ ( 0.786 fibonacci level )
For investor this areas is a good ones to accumulate partially before next bull run in link
Link was and still one of my favorite coins
Long term is bullish
Please like and subscribe for more idea if you see it helpfull
LINKUSD - 4 Hour - My ThoughtsHello everyone, Andrew here, Link has created higher highs but has pulled back slightly. I am bullish as long as we stay in the bullish channel.
The Trend Confirmation Indicator has Link bullish, volume is low giving me a Neutral, feeling. As we know, altcoins following BTC, changes can happen quickly, so please keep an eye on my BTC charts as well.
If you Long, consider taking some profits at $13.39.
If you Short, consider taking some profits at $9.44.
Stop line, Set stops on opposite side.
SHORT TERM: Bullish Neutral
MID TERM: Bullish
LONG TERM: Neutral
Please keep in mind this is a 4 hour Chart analyses.
Thank you for dropping by, please like and follow.
:)
PS: I am not an investment adviser. I learned trading and accumulated during the Bitcoins crash and of course enjoyed the 14k run. My experience trading in the Bear trend, makes Long calls seems easier.
Long Term Neutral call is based on TA and BTC, not fundamental action.