Wolf

Wolf

In these uncertain times, we recognize that market conditions may continue to be bearish. However, I’d like to share an idea that explores a potential trend in the event that Chainlink begins to recover and follows a bullish trajectory, supported by its strong and growing fundamentals. While there's considerable volatility across the markets, making technical...

Wolf

This graph shows a rough estimate fractal representation of what would happen to LINK if it repeated its history with a "depressed" lengthened cycle of 1 year and diminished returns by half. It's basically a slightly more conservative projection compared to last bullrun. I believe this scenario can happen if the whole crypto market reaches 20Trillion+ and...

Wolf

Chainlink is currently in an important support level to determine if it's going to continue the same multi-year growth behavior. I think it can make a quick fake break to $12 and reincorporate into the current trend.

Wolf Updated 

BTC is forming an interesting symmetrical triangle. It even has the same angle on both sides. This represents a good opportunity for those who want to trade with a profit level on the lowest/highest (31k/42k) prices of the triangle.

Wolf

Unlike other cryptocurrencies to grow in a "curved" pattern; Link has formed a more linear approach if you analyze its exponential behavior. This in my opinion, is a more healthy growth, it's easy to identify trends and gives investors an easier look to what expect as a trend. Why Chainlink? I think this project has a lot of potential to connect data from the...

Wolf Updated 

Potential break up scenario incoming assuming BTC doesn't crash.

Wolf

Link still carries over the August 2020 "pre-pump" correction and has not performed well against other coins in this 2021 bullrun. This can be demonstrated in this chart and IT IS STILL BEARISH. There is no confirmation yet that Link is going up by itself. In the LOG chart, it has good and simple wave formations. I would expect either a sudden breakup or a...

Wolf

Chainlink is a good cryptocurrency to hold and DCA.

Wolf

Fundamentals will keep the price going up.

Wolf

If you were waiting for the "dip" in a risky parabolic bullrun continuation, this is a good moment. Wait for confirmation.

Wolf Updated 

Chainlink has been a slow-mover in this bullrun and has demonstrated a big dependence of BTC : sluggish upward movements and strong dumps/recoveries. Keep in mind that BTC has almost followed a copy-paste trend from BTC 2017 bullrun. There is a possible correction around 60k USD levels with historic-references of -30% retracements. Alts dump harder and Link has...

Wolf

The trend is pretty simple and straightforward. I think it might even break up earlier. It will depend on what BTC does.

Wolf

Bitcoin is still consolidating. It is currently undecided whether it should break up or continue its correction. It has not finished its retracement, you can wait for confirmation.

Wolf

I know that it makes more sense to look the graph at a "logarithmic perspective" but I want to share the idea that sometimes it is difficult to the see the BIG PICTURE. When you are inside certain range, it is difficult to "think" that price can be multiplied. You are stuck with the idea that volume will always remain the same, support would each to X and...

Wolf

The wisest decision in my opinion, is to just buy and HOLD Link due to the potential it has. It just broke All-Time-High, more news are coming, BTC bull-run is in progress and staking is coming soon. However, it is undertandable that BTC is still correcting, could dip down more and you are waiting for a better confirmation purchase opportunity. For this, I share...

Wolf

BTC is is forming a triangle pattern which is common in bull-runs and a good indicator of knowing if they will continue the uptrend. Most long-term indicators are still bullish. Support levels: - EMA 200 - 30k horizontal support - Linear regression since 20k breakout with a 3.0 deviation that has been increasing due to the volatility and increase of price.

Wolf Updated 

Bitcoin just broke up its linear regression channel trend that was going down from its ATH of 41k. However, this break up could be a bulllish retracement from a bigger trend that can continue to go down. In my past idea, I considered a buying opportunity of 30k, which bounced quickly from here, so this could also be considered an opportunity to buy and at least...

Wolf

Ever since it broke 20k, BTC has remained with the same euphoric trend. We are currently in a short-term retracement with a good opportunity to return the bull run price action. If BTC decides to finally break down, next support could be at 30k; not only this is a technical support, but also a psychological number to buy at. Also, based on historic bull-run...