TThe fractal continues to play out with amazing accuracy in timing and degree of angle; it's pretty amazing to see it play out live. I closed my leverage long at 13 dollars; it was an amazing run, but the risk is far too high for me now. I will explain why below.
In two days now, according to the fractal, we will start a fairly deep pullback that will shake out a lot of traders. Let's take a look at the RSI levels on the 2-day chart.
As you can see, we are at extreme overbought levels on the RSI. In the entire LINK history, only five times have we come to these levels.
So what you can see here is that when we break the range and reach our first local top of this zigzag pattern, the RSI comes to this exact level. So I believe we are very close to this local top and the first pullback in this fractal.
The last two times we broke ranges, we had pretty deep pullbacks. The first time was 40%, and the second time was 27%. The next Fib target is 15 dollars, a 0.618 retracement from there would be 10.2 dollars, and a 32% pullback, which would be the deepest pullback in an uptrend LINK would do.
Something I've talked about a lot is LINK/BTC dominance, and that is the most bullish chart for me. Price is good, but the dominance chart right now has broken the 1/1 Gann; it's time for turbo mode.
It is day 343 of this pattern, mirroring its predicted every move to the up and down for a year. To ignore it now and say in 2 days it's going to decouple and carry on up, blasting till 50 dollars, is a dream. We trust in the fractal and RSI historical data!
Now is the time to bring out the secret weapon; it's been some time since we used it and published it.
USDT dominance chart has been the key for me, hitting so many home runs really. This channel I have been following for years has predicted every top and bottom for years.
It's been straightforward when we get to the top or bottom of this channel, and right now there is still room to run.
If it's December 15th and we are at the bottom of this channel, which is the same time Chainlink should top out on this macro move, the top is in!
The perfect sell signal comes in if those two things happen at once!
This is another secret weapon, it's a Chainlink chart, and we basically still have room to run for now also.
The stage is set for a pullback at around 14-15 dollars. I won't be shorting it but preparing for a new long position if that pullback comes down into the 22nd of November.
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RSI now highest in history on 2D ,well god dammmmmmmmmmmm
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34% pullback?
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Bar pattern fractals can appear at anytime in anytime timeframe in the hour we see the topping fractal from the 2021 high , as soon as i saw this massive drop it reminded me straight away of 2021 . Pullback is highly likely now
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Could look something like this , a crazy wick down to 12 dollars only to reverse and go much higher till mid December
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Maybe im completely wrong with this one , lets see! im 50/50
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This idea is out the window , we are blasting again , fuf
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If there was a time where its starts the pullback its right now , bearish divergence on the 4h .
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RSI right now is at crazy levels , only 3 times in history , red circle is where I think we are but we don't seem be getting that pullback , is it really just going to blast to 25 without any pullbacks would be wild .
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Ok seems the pullback most likely coming now , right on time , for a second there I thought we not getting one just have look how extended that RSI on the 2d is , deepest move 0.618 .
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We got 7-10days to prepare for this LONG , we pulling out all the stops on this last leg ,
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waiting for 12.5 dollars , thats where it will most likely find the local bottom .
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Im not convinced that the local bottom is in , the fractal has played out 1:1 for so long now even on a small timeframe level , this bounce was really strong but for me we need more fear in the market and according to the fractal we make another lower low here so , for now will put my long on pause and wait could be wrong here and we start mooning but cant fight the fractal its been right so far ,
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last update on link for the year , final run started .
Link V2 Staking on the way + BTC gearing up for 40,000-50,000k.
Allure016
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NO Correction.
Allure016
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There will be no correction this year!!! C'mon guys, use your heads.
Damian_rar
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@Allure016, Why do you think so Allure? Just because the pattern is similar to 2021?
webba008
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My fractal bars pattern has gone out the window but loving this. Been accumulating the past year !
herookarikeaman
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I think the fractal is still in play with a lower bottom to follow per latest pa. Please revisit
Damian_rar
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Seems like the bottom is searching up before the pump like initially thought
rnd8gpdtzm
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@Sporia In 2019 Link did not consolidate for 20 days. This time it did half way so the correction might be shorter. I think we did reach the local bottom already. I might be wrong.