LINKBTC trade ideas
LINKBTC - Buying OpportunityI think we are very close to the bottom. Expecting it to hit at least its ATH.
$LINK ready for the next cycle? It looks like $LINK has reached the point where at all times previous in its lifetime it has subsequently risen to new ATHs - on this 3 Day chart, resting on the 89 MA. I am speculating that another ascending triangle will form, which would mean a retest of 150k sats over the next month or two.
A beautiful chart, hasn't let me down so far. Please note that the triangle & yellow arrows covering the summer of 2020 were drawn BEFORE the run-up, in late March as it was resting on the bow of the triangle around 33k sats . I was shocked at how well it conformed to the "lines on a chart" I drew. Don't believe me? Don't care.
down for the short time UP for the long termyou alway look for confluence in the market. so if you asked yourself, why didnt alts jump in the rally of btc to 18400. every coin has to tend to behave on its own way. because btc is so dominant in the market it always influence the coin in particular.
Chainlink always tends to test the previous all time high, before the next bullcycle begins. I believe when btc is coming down in the coming days, that it will drag link down. the drop is from the baseline a 20 percent, that would line up perfectly by a drop of btc of mostly 30%. why 30% drop of btc ? because it tends to behave like that in parabolic times. you always look for confluence in the market. i believe this will be a perfect one before alt season start.
this could be the perfect bottom for link/btc
IMO, its time to begin accumulating LINKLINK/BTC - Daily
Somewhat self explanatory. We have a multi year long trend line on the LINK/BTC pair. We have started bouncing off of this pair again.
Reasons to long
-trend is your friend, until it ends
-BTC, finally showing signs of slowing?
-Strong project fundamentally and IMO has become the standard decentralized oracle provider for top DeFi projects
Reasons to be wary
-BTC has not confirmed a reverse in trend - we could see 20k or slightly higher before a pullback (if a pull back even happens... lots of institutional interest)
-Trend does not HAVE to hold
Would love to hear your thoughts!
RIP King 5.28.2016
LINK below 200MAPlease feel free to share your view on this pair down below in the comment section. I'm more than happy to be challenged and have an interaction on this idea.
Also make sure to leave a like as it helps me out a lot!
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LINK
- Playing with support from October @ 74k sats.
- Below 200MA
- MA's looking to form death cross
- MACD in negative territory
I'll be looking for:
- Break above 200MA
- MACD curling up
After which I hope we can break the blue resistance zone. A lot will however depend on what bitcoin is playing to throw at us...
LinkBTC Thoughts - LongJust the thoughts of an eternal optimist trying to learn...
To me, looking at the daily chart it looks like we have a bullish divergence. With Bitcoin on the rampage I wouldn't be surprised if we did drop a little bit more from here before rising again.
I've seen many charts with people expecting 30, 40, 70 dollars by EOY. If we can reach previous ATH before EOY with Bitcoin at current level (17k ish) we'd be looking at approximately $28 dollars per Link.
Zoomed out, I'm also wondering if this could be impulse wave 3 on an upward trend?
Anyway, I'm interested to hear other peoples thoughts. Any critique/advice is also welcome as I am interested in learning more.
Thanks frens
Banging my head against the wall about Chainlink.Best buy right now in my opinion.
Don't be on the wrong side of this trade!
LINKBTC going down and not stopping expecting a double bottom but can go down to the triangle measured or further more. Meanwhile USD pair not too much affected, although dropping.
consolidation for a bit at this level.
Quant is exactly mimicking LINK in October 2018Additional chart for overview of structure of Link in 2018
(for now in 2020, we flipped the ascending wedge in a running wedge. bullish bias. looking for volume)
Weekly Stoch providing very good entries and exits.Over the past several years the weekly stoch rsi has been very good at indicating good entries and exits for linkbtc.
Right now we are at a good point to enter link imo and I think we can see a significant increase in the bitcoin value.
LINKBTCLINKBTC
Buying in the area 0.000792 - 0.000757
1 - 0.000860
2 - 0.000987
3 - 0.001116
Stop, fixing below 0.000731
✅ f you like what I do, put 👍 and subscribe
Waiting for your comment, what do you think about this?
LINK/BTC Bounced from a Massive Resistance: New All Time Highs?LINK/BTC is steadily increasing along the upward sloping trend line.
In my earlier post I argued that this trend line could again be the bullish signal you have been waiting for. It seems we don't have to wait any longer!
Consider Resistance 1 and Resistance 2 as your profit targets. In case the price breaks below the Support line, beware of a shift in trend towards the bearish side.
LINKBTC is creating an inverse head and shoulder 🦐LINKBTC is creating an inverse head and shoulder after the price bounced on weekly support.
Now the price is forming a bullish pennant and it's testing 0.618 Fibonacci retracements.
IF the price will have a breakout upward According to Plancton's strategy, we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Is LINK ready for another leg up60% correction in 80 days, LINK barely wicked in demand zone, currently trading below the resistance.
The daily chart shows some early buy signals, wave trend slowly changing to the upside, OBV also pointing upside but still in negative territory.
One more touch and bounce in the demand zone would be better and safer signal.
LINK Bullish..Sitting On Support..Ready for Move Up.
LINK / BTC retaking 80500-83000 as support is quite bullish. The volume here is nice while price has been consolidating above this support zone. LINK is always a strong alt and some money might flow from BTC directly to LINK.
LINK looks good for a short period of time!So the 3rd wave was the top. And it seems we are in the C Wave of 4th wave. And even closer look, we are in the 4th wave of C. This means that it will go up to the green area (might extend a bit). But then the price will go down for the 5th wave.
After the 4th wave is over then we can start accumulating. For short term investment it can be bought but the position should be closed around green area.
Happy hunting !
