Bing told me this about the gaps. Could assume that, with Bitcoin, Ethereum, and the thing that links them together. BTC and ETH never leave gaps either. It makes sense that there will be a drop across all exchanges to fill the gaps on that exchange, like what link did on Polyoniex in my last post. The control here would suggest some higher volatility during the...
Poloniex Exchange showed link at $0 for about 1 hour there was no volume in any of the surrounding candles. What does this mean? This really changes the structure of the chart. Is it possible we are getting ready for another drop towards $3?
Chainlink's blatancy while moving through this channel the closing triangle below $10 it's surprising. The range is going to change soon, for the better, one would hope.
If you are like me and you feel that Chainlink is the next step in blockchain, web 3 and cryptocurrency. Then you believe that Chainlink will reach $1000.
Then you should believe this.
Bitcoin...
Looking at a low target when it does. After increasing by another 20 million, the circulating supply went above 50% of the max supply recently. That would explain the dump this month. Bearish would be going to $3.50 and that becomes the new center of this structure. I don't think it will follow the upward trend line but that is the same line from my last post and...
This pattern, the closing triangle, it just keeps going. It keeps getting extended into a new pattern in the same price range. Looking like this pattern will play out nicely. I think the EOY will be very bullish.
What will be the opposite of what the majority feels?
This pattern, the closing triangle, it just keeps going. It keeps getting extended into a new pattern in the same price range. Looking like this pattern will play out nicely. I think the EOY will be very bullish.
What will be the opposite of what the majority feels?
<3
Passed bull season and went straight to tax season.
These closing triangles are very distinct. It will only take one breakout and the price will never get close to the triangle again. Going long, holding until the real metaphorical bulls run the market up. Going short, it might hit this current channel again.
Just expecting link to bounce around and control it's volatility until Chainlink's Smart Contract convention at the end of this month when I'm expecting some major movements.
Link is following a similar structure, over the same period of time, and $80 ETH and $16 link, had the same market cap.
Following the same trend further would make link $50 again in Summer 2024. Looks volatile enough to go anywhere during this dip.
