A trend is generally composed of three stages:
1. Momentum- 2. Absorption - 3. Speculation
The price action of Chainlink in March-July is a perfect case study. 1) Initial momentum after extreme oversold condition 2) absorption on low volume and spreads and then a final acceleration.
Bitcoin is currently in the second stage : higher highs and higher lows on...
LINK has a crucial moment approaching with the 50 MA bouncing or falling through the 200MA.
I am taking a neutral position in the trade for the time being since I take the view that uncertainty in the equity markets will lead to contagion in crypto. The bull case for equities is for the passage of stimulus or a Trump win while the...
After a retracement to Fib .618 levels, as expected, correction mentioned in my previews chart, now Chainlink looks primed for another breakout.
Here is my last analysis:
Indicators are bullish on smaller timeframes, like 2 hours and 7 hours, but still give a sell signal on the 3...
Bitcoin: Next leg to $13,800 - $14,000 possible?
Break of this short term down trend could likely push us back to $13,200 if $13,000 breaks nicely. The 3rd run to $13,200 will likely get pushed straight through IMO. Resistance at $13,300 - $13,500.
Another weekend run? Lets see.
LINKUSD is showing some further interesting signs in the established structure where the massive descending-channel-formation already formed the bullish breakout and the confirmational bull-flag above the upper boundary has emerged, LINKUSD is now trading above the 100-EMA which it has confirmed as support and where it has now built and confirmed the next...
On my Monday night Live session with the team i hand picked a bunch of alt coins i was trading on Binance futures and Chainlink was one I was watching closely.
Took an extra in the alert zone but only got one position filled as i was expecting a touch on trend for a better confirmation.
I ended up closing my position early this morning with a close on previous...
For only FTX users and potentially similar setups on other platforms.
Looking at LINK.USDT and LINKBULL, there are similarities. Having the advantage of knowing that LINK.USDT broke a key level and might retest it, gives me the idea that this
could also be an opportunity.
We have an ascending triangle and its more likely the 3rd touch on top will give...
Todays BTC push puts a dent in Alts and they underperformed. Hopefully BTC will stabilize and give room for Alts to breath. Currently LINKBTC is in a symmetrical triangle with a 4H bullish divergence if a bounce is established. 12H ichimoku shows a twist.