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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LINKBTC trade ideas
$LINK - I think the purple line is decision timeI have my eye on the purple line. Expect bearish continuation up to this point, these mid-bull-move levels don't tend to hold up well as support.
The levels at the start of the bull move, you'd think would be interesting to traders and may be where buyers would start to come in again.
If I saw a bottom forming here and $BTC was behaving itself - say, in November after the election shenanigans - and market weather looked OK, I might consider picking up a bag with a stop loss.
The thing about LINK is that, market cycles notwithstanding, there are a lot of wierdos who are obsessed with it since day dot, and that generally means another run in future.
Link-time to buyHello guys,
I have already started buying again.I know,daily seems to be absolutelly horibble but..common' its a LINK! :) .I believe in jump up sooner/later trendline should act as support if not,ready to buy more if prices are low.I am not using a leverage trades .Lets see
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Thanks for comments
LINK/BTCLink is actually sitting on the confluence of the last All-time-high, the Fib golden pocket level, and 100EMA. With BTC is ranging between 10930-11K1 and BTC.D dumping, its logical to bet on this setup which gives you around 3% stoploss under the green box.
On the lower timeframe, RSI is also rising from the oversold territory.
Note: If you like the content and the setup, please give me a follow not to miss out on many altcoins charts to come.
$LINK, On high volatility with 20% daily candles$LINK
On high volatility with 20% daily candles
~120k/94k levels I'm watching as resistance/support..
UCTS is bearish on the daily and lower tfs // Ichi cloud matching support
BTC will have a great influence so unless you are already short wait for some consolidation
#LINK
$LINK - Following a bubble pattern - The sotory continuesA few weeks ago I had this feeling $LINK is following a typical bubble pattern. It was not believed, however it still is valid to me. We are at a crucial point however. Will $LINK manage to get back to the mean? And possibly cross the 200MA again? Interesting. For now I am just studying this chart before taking a position.
Chainlink ready for possible longterm bullrun, 3 scenariosThree entry points based on time and price, price was derived from horizontal support analysis, time was derived by diagonal trendline analisys
Upper longterm target is just a guess based on psychological significance, $LINK could very well reach 0.01 BTC instead of 0.005
This is a longterm analisys, for the time being the outlook is neutral
SHORT LINK and ATS efficiency report since July Hello!
This Summer Link has shown the best dynamics ever.
ATS's strategy has also shown perfect outcomes since the very beginning of July, giving correct indication of the trend changes.
ATS has performed 175% in 6 trades
Link has become more expensive by 146%
It is better to trade correctly instead buy and hold.
The link is currently still moving in the downtrend channel.
We think there will be good selling opportunities soon, chances are high that the first level of support will be tested.
Script settings for 4H timeframe:
· Signal calculation type - "ohlc4"
- Signals filter - "Enabled"
Bitcoin, Gold, Ethereum, and ChainlinkDespite the rally today we are at a key inflection point where the crypto assets have found resistance at the 20Day moving average which is sloping down bearishly and all awaiting the natural wave 3 of the correction. Corrections rarely complete in 2 swings and I think we are awaiting the third leg down in #Bitcoin, and #Ethereum. However, #Chainlink appears to have completed 3 waves and is now consolidating. Gold is actually looking a bit more bullish today as the DXY (US Dollar lost strength and precious metals bit back a bit.
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