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ChainLink / Bitcoin

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LINKBTC trade ideas

LINK / BTC making lower highs like many other altcoinsLINK making lower highs and trading volum goes down. Volume = fuel to drive the price higher. With less volume the price are likely to drop. I am not here to spread FUD about ChainLink. But it looks to me that the whole market have toped out. Both BTC and ETH resently had a drop and we now have sideways action. And many altcoins making lower highs and lower lows. If this not change around fast. We might be trending down and consolidate for some time before we go up. When everyone on CT shilling the same coins. You know its time to get out. Many did buy the top and now posting daily LINK-Marine tweets hope you not fall for that. I never buy tops and will never do. There will alays be a new trade just find it and you will be good to go ,) This is not a financial advice. I wish you all good luck !!
by OsloUnderground
LINK going for next moon - Fibonacci / Elliot wave countSee my other posts about LINK. It is absolutely lovely to see where this is going. Very risky trade, but hey, what is new in cryptospace. Next moon incoming! It seems that LINK is running along this parabolic line (dashed line). Later this evening we could possibly see if this is true. Because of the weakness of the third fibonacci wave it is expected that the fifth wave will be extended. Let's see if this chart will become active.
by UnknownUnicorn1690383
Linkies 8.16.20 If you are still doubtful on Link , I would suggest that you really take a look at your reasoning why. Is it getting too hot? Maybe. Why is it running up in price so hard vs btc? Well i believe that somebody wants your Linkies and is willing to pay a very high premium on them. Why? Bc they are able to look into the futures in years and understand just how valuable an oracle will be. I really dont even think we've seen the biggest move from Chainlink yet. I see ALOT of ppl saying that they will buy the pullback to 10 dollars. Here is what i think. If it does pull back to 10 dollars it will be so fast it will make your head spin. If you are betting on that i would suggest that you ladder in your orders all the way down to 10 dollars. Too many are waitng on this pullback and I JUST DONT SEE IT HAPPENING. Long Chainlink Short the Shorters
Long
by BrandonrG
3
$LINK/BTC Short - Possible Blow-Off Top FormingI think there's a good chance we may be seeing the beginning of a volatile and rapid bearish expansion for $LINK. We can see a high correlation between Chainlink's chart to a typical market bubble / blow-off top - including an almost vertical, aggressive final phase finishing off with a spinning top on the 12H. Looking at the hourly chart, we can see that we've broken market structure by having clean closes below the swing low that made the high - this being so much more significant due to it occurring at the -0.27 extension of the daily range that preceded the final run up. We failed to break back into bullish market structure and have instead retraced back into the hourly supply that made the most recent swing low. Combining the factors mentioned on the chart above/this analysis with the increasingly widespread euphoric speculation leads me to believe the whales might have found their point of highest liquidity in which to sell in to. In conclusion, I would be vary wary of entering any long positions at these levels as it seems likely we might be seeing circa $8 again before long. If true capitulation occurs, we could even see sub $5 in the coming months. I know this won't be a popular opinion, but it's often best to exercise a contrarian view when your analysis indicates weakness and the hype levels are at such a peak. Thanks for looking - don't shoot the messenger! FantasticMrFX
Short
by nstorrsfoxgmail