LINK.BTC (Y20.P2.E7).Macro.Bullish signs

Hi all,

BTC looking bullish in the short term as it has a daily candle close above the daily 21 EMA.
If this current candle also closes in 11 hrs above the 21 daily EMA, we then have an open and close daily candle above the 21 EMA and the 6400 mark....things are looking good. Hence time to look at the alts as well.

It seems the movement of the BTC dominance is looking downwards and I thought, let me check one of my favourite projects, chainLink.

Observation on LINK and BTC pairing:
> The major trendline is intact;
> On the 4 HRLY chart, we can see a bullish divergence is forming on the RSI and ON the major trend line\support line;
> On the Daily chart, we can envision a morning star pattern;
> On the macro chart, we had a breakout from the ABCDE pattern to only have it return back to the top of the ascending triangle for testing support;
> On the daily RSI and MACD we have convergence where the MACD line s crossing over, on top of the signal line, another bullish sign;

On the WEEKLY chart,
> bottom candle stick looks like a doji followed by a possibility of a spining top or better, potential morning star (keep an eye out for it)
> The 10 and 21 +50 EMA on the weekly acting as support for this upward trend
> Weekly RSI bottom trend line has proven to be support is maintained and what looks like a curving upward nose of the rsi at this point

Many confluences with the bullish scenario.

12 hrly chart

WEEKLY CHART

My BTC chart

My BTC dominance chart

Please give me a tick or a like as an appreciation of this post.


Regards,
S.Sari.

Comment:

Reference for me, W.LIST.
Just keeping an eye on it. Still holding on the daily.

Comment:

Chart update:
Left screen, white background LINK\BTC
Right green background: LINK\USDT