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ChainLink / Bitcoin

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LINKBTC trade ideas

Breakout or Breakdown?LINK is currently within a Falling Wedge (bullish) inside a massive Descending Triangle (bearish)--and both are converging on the same general point. Sellers are exhausted and supportive momentum appears to be building, but the Descending Triangle presents a lot of overhead resistance. My view is that the resistance will continue to suppress the price for 1-2 weeks before we see enough support to breakout. I'm considering averaging into a position here. -------------------------------------------------- These are my personal views and not financial advice. Please do your own research before investing. I'd love to hear your thoughts, ideas and feedback. Feel free to comment and I'll try and get back to you quickly. If you appreciated this analysis, consider Liking or Following. Thanks!
Long
by mercury_rising
ChainLINK Presents us with a New Entry PointThe trade is in the chart. A long position with potential loss of 4% and potential gain of 12%. RSI gives us a local divergence and we have three bullish reversal candles which make an ascending triangle on lower time scales. This trade should be done in the hourly chart actually. Anyway, manage your risk. Set your stop loss so that you lose at most 4% of your allocated capital on this trade. Once we go up about $1.2 (we gain as much as we are risking), then raise your stop loss to the entry point so that at the worst case, you break even and you keep your capital without loss. Good luck. You can view this chart here . Also look at my LINK/USDT hourly chart , but on this chart, the trade doesn't look very lucrative :(
Long
by TechNerdOmar
LINKBTC will see new ATH in 2022Or I eat my own DICK. Chainlink is fundamentally the MOST important project in this space. Why? Because ANY application of blockchain beyond basic tokenization and (((NFT's))) need Oracles to provide definitive truth. The oracle space naturally leads to a Monopoly and Chainlink both has the first mover advantage, institutional backing and network effects already nearly unchallengeable. I could go on and on but you get the point. Chainlink is fundamentally undervalued. Chainlink is necessary for the future of humanity. It is a TRUTH machine, untamperable, unshutdownable, unstoppable.
Long
by GregTheSpider69
6
LINK Making Gains On BTC!!?Chainlink on a weekly timeframe has broken out against BTC and we are looking bullish! Ontop of that good news we got some more amazing news from Sergey Nazarov, Chainlink staking is going to be released this year! Absolutely huge news and a big win for the LINK community, the people have been waiting years for this to happen, once the news comes out where staking is live i expect link to see some massive volume and likely a lot of FOMO! Our first test for Chainlink on the weekly is aprx 0.0005 BTC. Looking at the RSI we have broken nicely above the yellow SMA and we are heading to the upside where we will be approaching the very important midline, we gotta break up and above here and hold it for us to regain an uptrend, being below this level keeps us in a confirmed downtrend. The MACD looks good we seem to be coming out of a double bearish cycle with our histogram now right on the midline, the goal here for weekly close tonight is to print a strong green bar on the histogram and then afterwards continuing to print green bars that are increasing everytime, its also looking like we are going to see a bullish cross which is always a good thing and due to our previous 2 bearish cycles this next bullish one could be huge! Now the Wavetrend is sending off some bullish signals aswell, we have bottomed out and we are making a very healthy rounded curve for our reversal, keep in mind just on the daily chart this is a slow moving indicator that usually doesnt make sharp moves, on the weekly its even more powerful and slow moving, we could be in for a big bullish wave coming up soon, especially because we have seen quite the downside over the past months! Not financial advice just my opinion!
Long
by JacobR905
Link BTCLink BTC Link is showing it wants to regain some of its strength against BTC. This close to weekly close and yearly open strong moves to either direction are possible. 1D chart approaching nice risk adjusted setup for a break out play or a continuation if your already in the assit. Testing 1 year long trendline Testing 50rsi MacD bullish crossover MacD bullish div Will be looking to play this in a binary fashion. It breaks out or it breaks down. Will also be watching for a fake break out and then a strong breakdown. If I catch a breakout I will add with more size on a break out and retest. Trade Frosty.
by a_Sloth_named_Fibognocchi