These next few days/weeks, could be your last chance to get aboard the LINK train. I see at most a few more weeks of low volatility before we rocket. Bitcoin has been just range bound which is PERFECT for alts to BOOM. Usually takes 4-6 weeks for Bitcoin ranging before alts really make moves. Just know it's coming and stay level headed!
Just take a look at the LINK/BTC chart. Although we may be underperforming at the moment as compared to Bitcoin, we are at an accumulation level where we will soon see a substantial price increase. In the next few months, LINK will start to see larger percentage gains than Bitcoin.
MICVH
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The accuracy on this is unreal. Nice work.
Casey22
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This chart is so simplistic and beautiful. Was trying to find a pattern and I did not step back enough. And seeing this triangle, and possibilities to breakout above this triangle. And with Bitcoin breaking out. This is just excellent. Great easy chart.
It's likely going to take more than a few weeks before we take off. Expect a few month draw down (with the exception of a couple false starts). We will hit bottoms we haven't seen since before the summer before the fireworks begin. Cheers
@boeing787, Two reasons, a major price pump typically requires a period of stagnation and indecisiveness. This builds up the tension and pressure between buyers that allows for the frenzy to happen. Secondly, LINK has been following ETH's historic price action closely. The correlation wanes a bit here and there but so far nothing too drastic.
FiveDayCrypto
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@B_Musk, I somewhat agree with this idea, but I feel LINK is on another level. It needs far less time than ETH and BTC to 'build tension'. Also LINK more than 20x up in a bear market. Bull market is just getting started. Don't get left in the dust sirs. Thank you for the comments.
B_Musk
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@FiveDayCrypto, LINK 20x in a bear market because it was the new kid on the block. Everything else was going down and people wanted gains so they used this flashy new vehicle to do it, sort of like an elongated version of UNI 8xing in September when the rest of the market was floundering. I wouldn't give too much wait to the aforementioned scenario as an indicator of future situations. The bear market is over and LINK has acclimated to the markets. That's not to say it won't 20x, but I don't think that sort of extreme divergence from the market will happen for a prolonged period of time in the near future, with the exception of BTC maybe stagnating as the alts pump.
I'd also say don't cling too heavily to the idea that LINK is about to blast off either. Missing out on buying a huge dip at this point in the game is a big opportunity cost - been there too many times. The patience more often then not pays off. I have conditions for confirming each scenario so i'm ready for whatever happens.
As of now the narrative is LINK is going to blast upward to around $14.5 / $17.5 in the coming days / weeks. If we're lucky we may get an extra boost to make up for the lackluster peak at $16.5, which will take us to around $30/$40. Either way the ship will sink heavily after this pump followed by some tapering off over 2-4 months with a bottoming out at around $6-$7.5. From there the next major resistance will be $400 /$ 500 where we'll range for a bit of time before taking our last leg up for this cycle (the markets will peak early to mid 2022).
The specifics of all of this are hazy as they typically are, and that's where the challenge is for us trades. Cheers
Drent79
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@B_Musk, We will hit bottoms we haven't seen since before the summer.? then you talking about 6 Dollar :0:0 that would be cheap Link.