If we're done dumping this could be a double bottom on the 1H Chart and if so we will retest 24-25 dollar area.
BTC and LINK bleeding in USD value while LINK/BTC is up more than 6% today. LINK/USD bounced off $22.2 if we can break $24 we should make a solid move up in my opinion.
When it comes to link I am as the title says, a degenerate bulltard. I just wanted to show the bearish scenario since many people have been calling for sub $15 targets. Could this H&S pattern play out, possibly yes, but on higher time frames the H&S is very sloppy and not very symmetrical therefore I don't personally think it will play out. If it does playout,...
$Link in an interesting spot right now. @ 21.08 - $20 I am buying more spot. @ 18.8 I am long link to $30. Happy Trading! let me know if you think $Link has flipped $20 as support.
Just kidding, I have bids set for $95 maybe diamond top plays out. I think a close above $135 in the next few days would change my mind that would be where I set my stop loss if I was shorting it. LTC has been going up quite a bit and is getting a lot of mainstream attention that's why I'm think its over due for a mini dump. Just my opinion let me know what you think.
Since our last big dump on December 23 we've maintained in this channel and we're up 211% since then. The pattern is very clear at this point, in my opinion, the low for the week is in and this weekend should be new ATH. I think $link will go to $45-$50 without any real pullback. Hope you had bids under $20 like me ;)
Next stop $28. Contingent on BTC playing nice for the next few days. BTC made a higher low today as of the time of this post BTC low is $29,241. If BTC continues to crab between here and 34k alts will run and $28 plays out this weekend. If BTC dumps below 28k this idea is invalidated. Let me know your thoughts.
Possible breakout of Ascending Triangle. Watch for rejection at 33k, may be a good place to take profit. IF rejected retest lower diagonal and make higher low still bullish. IF no rejection $BTC to 35k. Alts will go up with $BTC. I will not talk about bearish scenario at this time we made a highlow from 28k to 30.9k no reason to be bearish.
$LINK unphased by $BTC minidump to 30k. BTC made a clear higher low from 28k to 30.9k, $LINK made a higher high. Many people calling for BTC 200ema retest it is possible but seems unlikely at this point. Good place for stop loss ~$23. Volatility coming soon. Marines will eat soon hope you have your bags packed.
In my opinion, we are on the brink of a major breakout. $BTC could crab or move up to 35k either way extremely bullish for $LINK.
Was not expecting this dump broke all my previous support lines. Played around with the chart and got this. let me know your thoughts !