LINKBTC trade ideas
A Swan Song for LINK MarinesAn ultra-long time frame analysis for LINK/BTC:
“I bought an altcoin in November 2017 and I was up by 92x on my buy price in August 2020. I am up by 28.3x on my buy price in March 2021.”
If someone told you this to you, you would think it was a joke given the brutal retrace most alts saw over 2018 – 2020. During this period, XTZ and LINK were two altcoins that created the next generation of moonboys who would tell you ETH doesn’t scale and shill you some DeFi coin.
Going forward here is a contrarian view: LINK outperformed most alts spectacularly during the bear market. Charting on weekly timeframe suggests that LINK will underperform most defi alts in a spectacular manner during the bull market.
Features of the chart:
1. Bullish TK cross in November 2018, Bearish TK cross in Jan 2021: Suggests the major rally is OVER. What remains is potential “sucker’s rally” for Marines to believe in.
2. During the bull run, price bounced on Kijun and Tenkan several times. Any break below Kijun was quickly recovered without affecting the long term trend (no bearish T-K cross)
3. VPVR suggests most of the accumulation occurred below 12000 sats.
4. Volume has gone down over the long term.
Forecasts: After such a strong long term move, expectation of a strong bull run is unrealistic. Still as a level headed person here are two scenarios. The bearish/neutral case is more likely:
1. Bullish case: Price reverts back to tenkan, uses that as support and approaches the cloud. The Kijun here is flat, so is the cloud. MASSIVE resistance. This should be the long term target ~ a 2x. A potential bull div on the RSI will need to occur. The question is: are you better off taking a trade elsewhere?
I wouldn’t expect price to break through this unless the old marines recruit new marines and concentrate all the liquidity in LINK. With so many DeFi plays coming up, liquidity will get more and more dispersed.
2. Bearish case: Tenkan acts as resistance and we form a massive descending triangle. Break down to about 30k sats. This may occur if the LINK team and advisors continue to dump millions of LINK on the market. Make no mistake, they have plenty left in their tanks.
EVEN in my bearish case, you would be up about 18x if you bought in Nov 2017. Still a positive outcome that hodlers of other alts would be grateful for today.
$LINK/BTC Looks Prime to Retest 150000 satsIf monthly DMACD_LB continues bullish trend expect this guy to do at least a cool 300%. Trade safely friends.
LINK BITCOIN BATTLE CONTINUESIf the valuation of LINK/BTC continues to drop, I have noted a solid price floor support level. This has been a key level for nearly 2 years now! There is a slow uptrend forming over the past few weeks, and if we continue, I would expect a stronger move up in the next few weeks or so. Please feel free to follow us on Twitter, Youtube, and Telegram!
Beginning of HBAR vs LINK (BTC pairings)HBAR and LINK are behaving very similarly during the first year and a half of their respective launches, I expect this to continue in some similar fashion with HBAR.
The ratio of movement is a bit more exaggerated with HBAR than LINK did vs BTC, but the patterns share similarities.
Here's what it might look like should this similarity continue.
Previously I had an idea that HBAR was following 2017-18 LTC (versus USD pair), that has also continued to play out rather similarly. Check out the LTC ideas below:
Updated LTC comparison:
Original LTC comparison:
Please share your thoughts, comments and ideas, and thank you so much for listening! Best of luck with your charting and trading! :)
LINKBTC broke under key leveland is retesting it now, rejection will send price to 35500. Might go up again in the descending triangle if supported. Price action looks very similar to November 2020. Clearly following the descending channel down.
LINK BTC 1h, going up soon?Was just playing around trying to find ideas if I should buy Chainlink using BTC and I just use the basic Fib and support line. What I found was consolidation around 0.5 and 0.618 before it broke the 0.5 resistance, now it has done its retest at the support line. I'll get some just for in-case-moment. ^_^d
Chainlink (Link) formed big Gartley for upto 62% rallyHi dear patrons, hope you are well and welcome to the new update on Chainlilnk token with Bitcoin pair. There is also 100 simple moving average support in the buying zone.
On the weekly time period chart, the price action of LINK has completed the formation of another bullish harmonic Gartley pattern.
This trade has a profit possibility up to 62% and the loss possibility is 15%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
LINK/BTC Bull Flag Breakout PT ~$65LINK's recent bullish news from Grayscale is creating a significant confluence of forces inside a bull flag structure. Once this structure breaks out to upside, it is headed to $65 and from there we could see continuation patterns to upside as institutions begin to take notice of one of the more fundamentally undervalued projects in the entire crypto space with the highest network adoption.
Buying LINK here offers significant upside risk-adjusted returns that are unparalleled in the crypto space atm by any other project. Invest wisely and please do not use leverage as you will get rekt.
chainlink might have bottomed out in the btc pairchainlink btc pair has been suffered a lot since the beginning of the bitcoin bull market, it continues the downtrend in btc pair. however, some on chain analysis find out that the amount of chainlink token has been noticeably declined in the exchange reserve, which might be an indication of accumulation from big players. lets see if this bottom pattern play out.
LINKBTC - Long - Potential 9.92%LINKBTC - Long - Potential 9.92%
Exchanges: Binance
Signal Type: Regular (Long)
Entry Zone:
0.00049717 - 0.00051324
Take-Profit Targets:
1) 0.00053731
2) 0.00056451
Stop Targets:
1) 0.00048379
LINK/BTC and BTC/USD FractalHumans are notoriously great at recognizing patterns, even those that might not be real...
LINK BTC support slightly lower?I like the 31226 level and range just below on link, lets see if price agrees/gets there!
Trade Safe.
marines unite... LINKBTC is now a buy Time to go long here ladies and gents
double bottom off of the monthly support
bottom of falling wedge
this is it
marines.... it is time
LINK/BTC may end up being like thisHope so otherwise this coin will be the most boring trash coin out there.
Link must demonstrate how important it is, or....Chainlik's bullrun has been poor and anemic compared to other major currencies such as BNB, ADA, DOT, ETH.
Usually Link is the currency that gives the most joy to traders because it's always in a bull market, however, the bulls have been focused on other currencies and they have forgotten it.
Will this be the great moment to enter?
Probably, because if it is not, we may see a link in areas that we would not like.
Falling WedgeHello,
Nice opportunity is building here.
Macd is crossing up in 4hours and in 1D
RSI is at reasonable levels
Link has strong fundamentals
Tradign plan would go as follow
Duration estimation : 20 days
Target. : 80 000 sats
Optimal Buy price +/- 2% : 55 000 sats
Stop the loss : 54 000
long term stop loss 51 000
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