Hello everyone I'm Alfie, 23 years old and I rolled into the crypto game about 6 months ago. This is my first analysis on this platform so feel free to give comments and feedback! Compared to the ideas I've read so far on this platform I think the approach I took is pretty unusual. It's a purely mathemetical comparison between the actual the LINK chart and and of the first phases where 
ETHUSD started pumping before the 2017 bull run.
Hope you enjoy!
GO TO MY SECOND IDEA ON MY PROFILE TO SEE THE ETH/USD CHART, I CANNOT PUT LINKS IN THE DESCRIPTION BECAUSE I'M NOT A PRO MEMBER.
ETH/USD chart around May-July 2017
Looking at the chart fromETHUSD showing one of the first big pumps before the 2017 bull run. In this phase the asset went from 87$ and went to 331$ in 24D. This is a 378% increase in 24D. At around june 13 it reached its peak and dropped 69% in value over a timespan of 33D. At the bottom peak july 17 there was a 75% positive difference between the bottom peak price and the starting price of the phase at may 16.
LINKUSD chart
When we look at theLINKUSD chart at this time we notice a 300% increase around july and august within a period of 40D. Compare this to ETH's 378% increase in ONLY 24D.
Since reaching the peak highLINKUSD dropped about 45% in value until now (31D), compare this to ETH that dropped 69% in 33D. It makes sense that we didn't drop that hard compared to ETHUSD because LINK climbed 78% lower, but more important, in a 40D timespan compared to ETH's 24D.
SinceLINKUSD rose 78% less than ETHUSD with 16D more time it would make sense to me to see a more gradual drop over a larger timespan with LINKUSD of about 40-45days in total until the end of september, start of october with a bottom peak that's 6% higher than ETHUSD's bottom peak of 69% compared to the starting point of the phase. (LINK had more time to climb less higher than ETH so it will drop more gradually). Looking at this in a parabolic form it makes sense that the bottom peak of LINK is 6% higher! I see link moving towards the 9$ level over the next 1-2 weeks where we will find a solid and strong support level to move on up from there.
ETHUSD chart
After reaching the bottom peak from this phaseETHUSD saw an 800% increase in price over a timespan of 180D. Be patient guys!!!
Thank you for reading I hope everything was clear and made sense.
Enjoy your day!
ETHUSD started pumping before the 2017 bull run. Hope you enjoy!
GO TO MY SECOND IDEA ON MY PROFILE TO SEE THE ETH/USD CHART, I CANNOT PUT LINKS IN THE DESCRIPTION BECAUSE I'M NOT A PRO MEMBER.
ETH/USD chart around May-July 2017
Looking at the chart from
ETHUSD showing one of the first big pumps before the 2017 bull run. In this phase the asset went from 87$ and went to 331$ in 24D. This is a 378% increase in 24D. At around june 13 it reached its peak and dropped 69% in value over a timespan of 33D. At the bottom peak july 17 there was a 75% positive difference between the bottom peak price and the starting price of the phase at may 16.LINKUSD chartWhen we look at the
LINKUSD chart at this time we notice a 300% increase around july and august within a period of 40D. Compare this to ETH's 378% increase in ONLY 24D. Since reaching the peak high
LINKUSD dropped about 45% in value until now (31D), compare this to ETH that dropped 69% in 33D. It makes sense that we didn't drop that hard compared to ETHUSD because LINK climbed 78% lower, but more important, in a 40D timespan compared to ETH's 24D.Since
LINKUSD rose 78% less than ETHUSD with 16D more time it would make sense to me to see a more gradual drop over a larger timespan with LINKUSD of about 40-45days in total until the end of september, start of october with a bottom peak that's 6% higher than ETHUSD's bottom peak of 69% compared to the starting point of the phase. (LINK had more time to climb less higher than ETH so it will drop more gradually). Looking at this in a parabolic form it makes sense that the bottom peak of LINK is 6% higher! I see link moving towards the 9$ level over the next 1-2 weeks where we will find a solid and strong support level to move on up from there.ETHUSD chartAfter reaching the bottom peak from this phase
ETHUSD saw an 800% increase in price over a timespan of 180D. Be patient guys!!!Thank you for reading I hope everything was clear and made sense.
Enjoy your day!
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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.
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.