As an update to the post below, this post outlines a trend LINKBTC has respected for almost a year.
Bears would like a break down from this support zone entirely, while bulls will want to see a rebound sometime soon, or even a short consolidation period above 23k sats at the minimum.
In the bullish case, a bet on macro trend continuation following a 40W mean...
*Not financial advice. Not a recommendation to buy or sell.*
Let's flip the perspective on the LINK/BTC chart for a moment. Downwards trend looks likely to continue. Ignore market cap for a second and only examine the trend. Would you short a coin with this chart? A bet on 1yr+ trend continuation?
December 2019. In harmony with my speculations for bitcoin. Can...
Im here with another call.
The same call I made in
Just like last time:
-We have a long period of Going down, on avg we only have 4-6 weeks of going down, this ones been a little bit harder than before(around 60% retracement compared to 45-50% last time)
Noticed we have broke the range and pulled back about 68% fib since the break. I see a turn around coming :)
If you remember I said earlier I have entered around .052 again with around 4k ADA. I will probably hold it for the long haul but should I decide to pull this bag early I will do so and put it into another asset that might be a viable option at the...
$LINK corrected ~50% since the ath and the support has been holding up well enough (even though the team has been selling 700k stacks), volume has significantly decreased and the bull flag has been painted
Assuming BTC does do a wonderful belly flop, which it might.....
LINK has a very decent chance of bouncing here. I think worst case we wick to 2.08 > 2.02(maybe we see a quick high 8ks BTC)
But we have retraced greater that 50% from ATH USDT, and about 42% from ATH Sats
Usually in the past we retrace about 35%-38% in Sats and around that much in USDT.
So my analysis on the simple layout was a bit off with wave structure. After a follow pointed it out I decided to post it for everyone. Essentially with the double zigzag idea impulse double correction impulse..is pretty much the idea of elliot structure with wave 3 being the largest followed by a bullish XABCD butterfly if you observe it as harmonics.
Please excuse the mess of a chart,
But the pink dot = 200EMA
We have bounced in recent times off around 30 RSI on the 4hr and the 200EMA in tandem
Also the Stoch RSI looks pretty similar to previous movements
If we dont pump out in the 24-36 hours, I could see a downside of 18600 sats again(ex-ATH, we like to touch those every now and again)
Plenty of 'x'/BTC patterns looking hot now. Bitcoin dominance will probably start to taper in the next 1-2 weeks leading to heavy movement in to altcoins for that sweet sweet dopamine chasing quest for perpetual gains and movement.
looking for a good entry, self explanatory with a couple of different scenarios
very bullish long term but if the price drops below the support it's bear season for link once again (highy unlikely because of extremely strong fundamentals)
'8th Day' positive extreme projection here is carried forward on the combined trend line, terminating at the same price at the later date where that price is shown.
What happens between now and then may be greatly influenced by news $30M spending will proceed on Ethereum infrastructure by concerned parties going forward. Tentatively, an increase is likely,...
I kind of wrote on my chart what I am looking at,
But with potential Main-net end of Q2(as soft-confirmed by team) consensus around the corner, itd be pretty bad idea not to have a bit of $LINK
Seeing previous price action and the potential behind the tech. No brainer
Pretty self-explanatory. I'm tired of typing for today, so let's keep this short.
I bought NEO at 2030 with all my TRX (which I bought much lower). I expect NEO to continue its uptrend for now. We're consolidating nicely and building support in a previous MAJOR resistance zone (in red). If we can hold this area, I expect us to head towards the next targets, in...