ChainLink / BitcoinShort
Short Term Bearish, Long Term Godly Bullish
Link is looking bearish here for the short-mid term. I am insanely bullish on this project, been in since sub 4000 sats // $0.25 USD
Technically,
- BTC has been shitting the bed which looks bad for us right now.
- We lost the 20EMA + 50MA on the daily. Retested both and got rejected.
- Buying volume has slowed down, with bears in control
- We are testing the support at 28k sats for the third time. Third time is a charm in regards to S/R flips
- On the VPVR there is a hug gap that is lacking volume between 25-28k sats (Labeled "Gap City")
My take:
- We are most likely going to lose the 28k sat support unless a catalyst comes up or price gets sent by a black swan event
- We will have some consolidation in that range until the 200MA meets up with us and slowly continue our road to adoptive glory. You Just Win.
Fundamentally:
- Link is a top 5 project. If you did the research you will have this in your portfolio for the long term. (Peep my pinned thread for the ultimate reference guide twitter.com/coininspectors )
- If you do the on-chain analysis, there is a number of whales accumulating by the boatload right now.
- There are numerous projects beginning to set up their oracles on market.link
Technically,
- BTC has been shitting the bed which looks bad for us right now.
- We lost the 20EMA + 50MA on the daily. Retested both and got rejected.
- Buying volume has slowed down, with bears in control
- We are testing the support at 28k sats for the third time. Third time is a charm in regards to S/R flips
- On the VPVR there is a hug gap that is lacking volume between 25-28k sats (Labeled "Gap City")
My take:
- We are most likely going to lose the 28k sat support unless a catalyst comes up or price gets sent by a black swan event
- We will have some consolidation in that range until the 200MA meets up with us and slowly continue our road to adoptive glory. You Just Win.
Fundamentally:
- Link is a top 5 project. If you did the research you will have this in your portfolio for the long term. (Peep my pinned thread for the ultimate reference guide twitter.com/coininspectors )
- If you do the on-chain analysis, there is a number of whales accumulating by the boatload right now.
- There are numerous projects beginning to set up their oracles on market.link
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