LINKWFTM_89D9BC.USD trade ideas
Preparing for Big Chainlink TradeTime is coming , we are approaching October 2022 and when October comes and this 3.618 Time Fib hits we are going to get a candle breaking us out of this triangle.
It is in fact Chain link time fib count on the LINK/BTC dominance that started to unlock this powerful fib time sequence for Bitcoin and link itself check it out below.
It is still a 100% win rate fib count to this date , yes 100% check it out , last count did not act as pump but showed us a LINK bottom.
Come October we will get a breakout of the Dominance I expect .
Chain Link Fib Count
.0618 - This date is important because it's when Link hit 20 dollars for the first time, it was an important level to hit that resulted in over 140days of consolidation.
1.618 -All time high , yes this fib count lands right up there .
2.618 - This was a major pivot point down for the link which confirmed the bear market because it created its first lower low on the weekly.
3.618- First week of October 2022 , this could be the week Link starts increasing in momentum.
I go over this in more detail in the TA below .
Not only do we have this insane Fib count for Chain Link but if you check the TA below and press play you will see something amazing unfold.
The game plan is as follows , stock up on x3 leveraged tokens on FTX exchange ,they are one of the few that offer LINK tokens x3 , we ride it up to 24-30 dollars from October 2022 to February 2023 , no funding rate fees, no liquidation number to think about just sit back and let it ride.
I have a lot of confidence trading Link fib time sequences so we going big on this one no holding back.
LINKUSD 2D: 40%+ CORRECTION WARNING(SL/TP)(NEW)Why get subbed to me on Tradingview?
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LINKUSD 2D: 40%+ CORRECTION WARNING(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: LINKUSD 2days/candle chart review
::: 40% CORRECTION WARNING
::: updated/revised outlook
::: distribution in range / weak chart
::: limited upside / expect dump from HIGHS
::: weakness will last for 4-8 weeks
::: LOG SCALE chart
::: not a great looking chart
::: RISING WEDGE BEARS taking over
::: FTX/FTT bankruptcy will pull crypto down
::: CLEAN REJECTION AT recent highs
::: S/R was re-tested produced WEAK bounces
::: final BOUNCE possible now before DUMP
::: also noteworthy sequence of lower highs
::: recommended strat: MARKET SHORT IT
::: final TP BEARS is 4.00/4.20 usd
::: 40-45% correction possible next
::: 4-8 weeks in November/December 2022
::: right now no upside in this market
::: position traders should wait for
::: better entry prices later after
::: no upside in this market it's game over
::: recommended strategy: SHORT SELL AT MARKET
::: TP BEARS is +40% gains - near 4.00 USD
::: BULLS stay out until correction is over
::: SWING TRADE: SHORT/HOLD IT
::: correction run not over yet
::: good luck traders!
::: BUY and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/CORRECTION/40%
::: Sentiment short-term: DUMP/GAMEOVER
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Chainlink: Partial Decline Supply Line Breakout Update #2This is an Update to this currenly still active previous setup from several weeks ago:
As of rigth now LINK has Confirmed it's Pivot from the 0.618 and has now broken through a serious Supply Line; If it continues up to $9.51 we will have confirmed a Partial Decline which at that point should lead to a Breakout of the Range that could take it to the next Resistance at $27.80
IS LINK BULLISH???We see LINK make a nice 44% gain from Oct 23.
But is this a reversal to the upside??
If we zoom out and look at the bigger picture of the chart, we can clearly see LINK is in range mode between 6.2 to 9.366
At the time of writing this range is approx 186 days old.
As traders, when we are in a ranging market, it is best to TRADE THE RANGE UNTIL IT BREAKS.
What does this mean? It means to "buy low, sell high"
I do not see any change in volume for LINK and therefore am not bullish on this chart...
My POI is the weekly level of 9.266.
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This was the wick we were waiting forNext stop....$10.90. Watch for another pullback to $8. Hold long or top off at this point. Good luck happy Trading!!!
LINK: setting stage for reversal During the previous week, LINK has shown significant strength and high potential perceived by investors. The only thing that is currently holding stronger buying orders is investors' insecurity over general macroeconomic conditions in the future period. This is confirmed through previous week`s price moves of LINK, where the coin managed to clearly break the $8 resistance line and end the up-move at long term resistance line at $9.0.
With Friday's move to the upside, RSI moved to the level of 69. Still, a clear overbought market has not been reached, although the indicator reached levels which are very close to the overbought side. Moving averages of 50 and 200 days continue to converge toward each other, indicating high potential for the golden cross to be reached in the near future period.
RSI is showing that the price might go higher from current levels, when a clear overbought market will be reached. This would also be a signal that the short reversal is on a road for LINK. In this sense, it might be expected that LINK will continue to test the $9.0 resistance line in the week ahead. In case that this level is not breached, then the coin would revert a bit to the downside, where support line at $8.0 might be tested.
LINKUSD - Bullish BAT (Brief Short, then Long)Triangle as B wave in a corrective A-B-C zigzag.
Bullish bat pattern marks a potential reversal zone.
This would complete a 5-wave impulse pattern on LINKUSD.
See my previously published post for more context on this chart.
Chainlink Price TargetsThis is not financial advice. This is not financial advice. This is not financial advice. This is not financial advice. This is not financial advice.
LINKUSD A uptrend is formed by making higher highs (HH) and Higher Lows (HL) on 1H time frame.
ENTRY 8.8529107
SL 8.5401588
TP1 9.1656626
$LINK with the Break-Out! - 12$ TARGET?$LINK
BREAK OF STRUCTURE?
Big Break of Red Trendlines.
Invalidation:
Green Support line break.
Bullish Right Now.
Link could be one of the big ones for the next bull-run with more than 1500+ Projects using their service.
#Link #CryptoTrading
LINKUSDT Long😎here is LINK analysis where you can get an idea 🚀
LINK shows a bullish symmetrical Triangle lets hit the target 💥
Stoploss is Must
LINK 3Q Forecast | SalamanderLINK is ready for 3-4Q bullrun. It is in my TOP 4 #musthodl coins in portfolio. I make no mistakes.
It may be volatile, but the result will be in +-50% gap
LINK preparing for a face melting rally- almost a six-month long consolidation
- once breakout is confirmed, LINK easily reaches at least 20$
- staking coming in December
LINK may be breaking up from triangle; nearing daily goldencrossLooking at the weekly chart here to get a better view of this pink triangle’s trendlines. We can’t see on this chart how close the daily charts golden cross is from happening but it appears to be less than a few daily candle closes away from occurring. If this symmetrical triangle confirms its bullish breakout the target is around $11.32- $11.47. Reaching this target would bring price action up out of a much larger triangle that its been in for far longer that has a much larger breakout target to go with it, however we can see the stoch rsi on the weekly chart has ventures into the overbought zone so it increases the odds that when price action first retests this yellow trendline on the way to the target it will encounter it as resistance, same with the descending white trendline as well. The stochrsi is also overextended on the 1 day chart too increasing the probability that price action will encounter resistance along the way to the breakout target that may result in some level of correction. Still always possible it finds a way to break through both of these resistance lines with ease just a lower probability with stoch rsi already in the overextended zone. If it can sustain the breakout and reach its full breakout target then I believe it will sustain the daily chart golden cross and in time trigger the breakout from the much larger triangle pattern as well. *not financial advice*
LINK/USD - Watch it burn and rise from the ashes- Last idea was spot on (Short at 27).
- Last idea was entirely based on the cycle being over.
- Current cycle is bearish
- Hope for $5ish to accumulate as much as I can.
- Watch LINK rise to become a 100B asset and top 5 mainstay by 2024.
My ideas do whatever you want to do.
✌️
link breaking out hour/2 hour link breaking out of most recent pattern on the hourly as well as the 2 hour chart setting a higer low and should start the next leg towards previous highs or possible shoulder of the previous head and shoulders on the hourly. where we can re evaluate our positions and scale accordingly. COINBASE:LINKUSD interesting trade study will play out either way but for now staying bull.
15 min chart, double top trend exhaustion Link chart after a nice bounce looking exausted to the upside and this most recent green candle appears to be a nice liquidity trap. clear defined stop loss at the high, target 1 is 7.70 - 7.75
A REALISTIC APPROACH TO 1000$ LINKHello Everyone, MrBanker is here. I present you with 3 ideas about how the LINK will reach 1000$.
First Theory:
- A 5 wave move is completed back in May 2021. Which also completed the 1st wave of the bigger degree.
- The LINK is now showing a rather complex correction which is also an accumulation zone.
- After this correction, we should observe a soaring move into 1000$ which will be only a fraction of the biggest 3rd Wave.
Second Theory:
- The indicator is especially customized for LINK in a Weekly timeframe.
- According to this indicator, LINK had two major tops and four major bottoms. Which also indicates a buy zone for LINK at this moment.
- For the LINK to reach 1000$ level, expect at least 1 year long minor bull and bear markets during that period. Which will be eventually shown in the custom made indicator.
Third Theory:
- Based on a realistic approach, LINK must first break through the ultimate resistance line starting from 2019.
- The upcoming CCIP and Staking will be great catalysts for a major pump. Considering that almost every LINK owner is waiting for Staking which will reduce the circulating supply drastically and increase the demand for the token enormously.
- By all these combinations of theories, LINK will definitely reach 1000 Dollars but the exact time is uncertain.
Trade Safe,
MrBanker
$LINK getting extremely close to a bullish 50/200 crossbar pattern is from last time it did a golden cross in early 2020
