The fractal continues to play out like the last Chainlink Cycle.
I started to see a bump and run pattern forming, so I went back to 2019 where we are now in the fractal, and we find the same pattern: a textbook bump and run pattern. There is now a very high chance that we will reverse from this point; we just completed the throwback with a double bottom candle pattern.
My position is still open from 14.6 and being added to the long position under 14.
At the moment, LINK is consolidating under the 1/1 Gann Fan, as you can see below.
According to the fractal, we don't get the real break till the 1st of December; it might look something like this.
The condition for this theory on the fractal playing out being invalidated is if Chainlink loses this lower high structure and breaks this red support trendline.
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Taking a closer look at LINK, it's interesting to note how closely we're echoing the patterns from the last cycle, especially when considering Fibonacci levels. Using a Fibonacci tool from the range low to the range high reveals a notable similarity. In the previous cycle, we hit a peak at 2.618 within the mid zigzag zone—quite similar to what happened last week. After breaking the 4.236 level, I decided to explore additional Fibonacci levels to see where we might end up. The projection? 55 Chainlink units by mid-December. It's an interesting observation worth keeping an eye on.
crazy stuff
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Seems we are doing half the moves from last cycle in percentage.
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Who is ready for takeoff? ascending pattern , bullish.
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7 monthly candles from top to bottom , 182 days , 7 months from the bottom of wave 5 would be next month December when the fractal is suppose to top out , you cant make this stuff up lol .
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Im calling it now that around 1st of December in 7 days the Bitcoin ETF will be approved and it will be the catalyst for the final leg, which could result in a 30% 5hour candle for LINK !
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now vs 2019 picture above
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Bitcoin also following a bar pattern from 2019 , just send it already........
Bitcoin repeats the same patterns but in different parts of the cycle , this fractal thats happening in LINK also happening in Bitcoin.
THERE IS ONE FINAL LEG , GET READYYYYYYY
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I don't think anyone is ready for what is about to unfold next 20 days
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Both dominance charts come to a end by sunday , triangle bullish for LINK .
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Final move will range from 39-55 dollars , all depends what price we are in coming into 15th dec
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In 4days we will break top of the range and in 19 days we will top for months , all you have is 19days
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A close under this area is not something we want to see , we must hold this fib level and trendline , according to the fractal this move down was the last , from here only up , lets see .
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This is it ppl , Bitcoin pulled back to golden pocket , could possibly make a third drive of buillish divergence on the RSI . its now or never .
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Everything is still making lower highs , LINK and BTC , the BTC dominance has been so strong this cycle dam , sometime this week end of week ETF will approve and we will get one massive candle coming out of these ranges , things just happen when we come to end of ascending triangles and volatility has been really low for BTC so a big move is brewing
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so your telling me that history keeps repeating over and over? , imagine that... xD
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At this point the fractal we breakout tomorrow , nothing is 100% the bar pattern can decouple at any moment , yes its been a mirror but always remember risk , a daily candle closes under here for me and I close all my positions .
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Be very careful next 48hours there is a spicy setup here for exchanges to make alot of money looking at the netmap if price where to spike down to 36k we get 1.2 Billion dollars in liquidation and if we break 38.9 ,1.1 Billion dollars of short get liquidation , the classic stop hunt swing here in the making .
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A quick flash dump to 36k to wipe all late longs and then a reversal .
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that we take LINK down to 13 dollars in a flash dump wick
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Will update tomorrow with new TA , not had time really just rushing out some comments on mobile.
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and just when the whole market thinks we going to start a big rally it ends :P , we top out in 12-15days until april most likely
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Rally started 160 days ago , its important to understand that this is the end and blow off top is higly likely this month .
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We all new that this was a stop hunt move here , wicked down to the GANN , massive candle incoming like we go straight to 20 dollars next 48hours .
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Bitcoin top is likely in or very close.
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Bitcoin takes out 2/1 Gann like nothing , wow....
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Man this is getting really interesting , but targets to 50 dollars dont seem to be in play anymore , unless some LINK ETF news hmm
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Nothing to worry about ppl this move is within the fractal , will be publishing a big TA soon next 48hours
Good call, however I particularly like your style how you take your followers on a journey consistently updating your underlying idea as the trade progresses. Good use of the platform and how it was intended to be used.
This comment from @Alazan reflects it well "Alazan Dec 7 - It was educational watching your logic unfold over time, allowing the charts to tell the narrative rather than forcing your narrative on the charts."
This comment from @Alazan reflects it well "Alazan Dec 7 - It was educational watching your logic unfold over time, allowing the charts to tell the narrative rather than forcing your narrative on the charts."
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