I tried to be as clear as I could with the takeaway message of this ratio chart.
When you get to the top of the channel (red bubble), it's typically a great time to sell LINK and buy BTC. When price gets to the bottom of the channel (green bubble), it's typically a great time to sell BTC and buy LINK.
Suffice to say, I am using some of my BTC profits to scale into
LINKUSD. Chainlink is undervalued when compared to Bitcoin.
The featured content is intended to be used for informational purposes only. Everything shared here is my own opinion. It is very important to do your own analysis before making any investment based on your own personal circumstances. Please subscribe to our channel if you like what you are seeing!
When you get to the top of the channel (red bubble), it's typically a great time to sell LINK and buy BTC. When price gets to the bottom of the channel (green bubble), it's typically a great time to sell BTC and buy LINK.
Suffice to say, I am using some of my BTC profits to scale into
LINKUSD. Chainlink is undervalued when compared to Bitcoin. The featured content is intended to be used for informational purposes only. Everything shared here is my own opinion. It is very important to do your own analysis before making any investment based on your own personal circumstances. Please subscribe to our channel if you like what you are seeing!
Trade active
A bullish, falling wedge pattern has formed on the LINK/BTC ratio chart. If this breaks out to the upside (green bubble area), you won't want to miss out on the move up that LINK would be making. Something to keep an eye on.Trade active
Weekly chart - zoomed out view.Note
A daily close above would confirm liftoff! Don't say we didn't tell you ahead of time.Trade active
We ended up not getting the daily close after all. Still just grinding and grinding. Can we finally breakout? We'll find out soon!
The featured content is intended to be used for informational purposes only. Everything shared here is my own opinion. It is very important to do your own analysis before making any investment based on your own personal circumstances.
Good luck!
Good luck!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The featured content is intended to be used for informational purposes only. Everything shared here is my own opinion. It is very important to do your own analysis before making any investment based on your own personal circumstances.
Good luck!
Good luck!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.