Chainlink is just different.
Hi guys
I made a quick time line to demonstrated the historic reaction and growth of Chainlink during world events. this exercise was made to prepare us for a worse case scenario 2022. Im talking about a war with Russia, inflation and a housing crash. yes being prepared for worse case is like being set up for best case. Why link world events with chainlink, because the crypto market seems to react to any bad news just like the stocks.
My short analysis:
Chainlink seems to have a bull run every year since 2017 (inception) with an ABCD pattern. look to the chart for details.
However, what interests me the most is the famous 70% give or take crash that link has every year after reaching the peak. Is so consistent that even during covid-19 (A total world disaster) chain showed some resilience and had an early ATH before BTC. However.. boom another 70% crash. Link does this every year.
What now?
Yes, I get it, there's a lot of fud going around and the fear index dosen't look great but I believe chain is just different and the ETH whales tend to scoop their profits and allocate some to link every year.
Take away:
1) I'm expecting the same pattern after a long consolidation to occour taking us at least all the way to $140.
2) We will have another 70% crash and then repeat.
3) Link might go all the way down to $8 (who cares, I will definitely buy more)
4) Good knows what Eric Schmidt will bring to Chainlink. People seem to forget he was one of the top 5 most important CEO of 2001-2011 and carried on helping Google even during recent years. So he has great experience, great knowledge and he's network is just crazy. SO! this is a massive A+ for chainlink labs.
5) We are in the strong buy zone.
Main take away
Chainlink is in a bear market. It has been here since May.
Im not a day trader, Im a long term investor. I hope the above helps and would like to know what you guys think about my idea.
Thanks
Faris View.
I made a quick time line to demonstrated the historic reaction and growth of Chainlink during world events. this exercise was made to prepare us for a worse case scenario 2022. Im talking about a war with Russia, inflation and a housing crash. yes being prepared for worse case is like being set up for best case. Why link world events with chainlink, because the crypto market seems to react to any bad news just like the stocks.
My short analysis:
Chainlink seems to have a bull run every year since 2017 (inception) with an ABCD pattern. look to the chart for details.
However, what interests me the most is the famous 70% give or take crash that link has every year after reaching the peak. Is so consistent that even during covid-19 (A total world disaster) chain showed some resilience and had an early ATH before BTC. However.. boom another 70% crash. Link does this every year.
What now?
Yes, I get it, there's a lot of fud going around and the fear index dosen't look great but I believe chain is just different and the ETH whales tend to scoop their profits and allocate some to link every year.
Take away:
1) I'm expecting the same pattern after a long consolidation to occour taking us at least all the way to $140.
2) We will have another 70% crash and then repeat.
3) Link might go all the way down to $8 (who cares, I will definitely buy more)
4) Good knows what Eric Schmidt will bring to Chainlink. People seem to forget he was one of the top 5 most important CEO of 2001-2011 and carried on helping Google even during recent years. So he has great experience, great knowledge and he's network is just crazy. SO! this is a massive A+ for chainlink labs.
5) We are in the strong buy zone.
Main take away
Chainlink is in a bear market. It has been here since May.
Im not a day trader, Im a long term investor. I hope the above helps and would like to know what you guys think about my idea.
Thanks
Faris View.
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