Chainlinkbtc
Link ready to flyLooking for Link to provide similar returns as Eth did during the 2-16-2017 bull run.
Many Link holders are currently feeling the pain as Link has been decimated in sats... but when we look to Eth/BTC chart of 2016 leading up to the first week in 2017 ETH was down nearly the exact same percentage against btc as LINK is today.
I think we all know what ETH did next...
Some may think "well the supply of LINK is way too high to hit 1.4k as ETH did, right?"
The fully diluted supply of Link is ROUGHLY 10x that of ETH yes, but I contest this point with the thought that the total market cap of crypto also has the potential to 10x...
therefore LINK tokens can reach the same price as ETH did during 2017 even if its fully diluted supply of 10x Eth is taken into account rather easily...
CHAINLINK - ONE SMALL PULL BACK BEFORE RUN!Let me know your thought?
We could definitely see a pullback to $21-20 support range before heading back up over $30, the 4hr and daily indicate a potential drop similar to what we have seen in many of the altcoins in the last 12 hrs.
Will it drop ? not 100% but what I am sure on is that the long term price direction for chainlink is up if you're looking for a good time to buy I would hold off for a few more hours to a day to see if it will indeed drop a little lower first.
''Buy Big Sell BIGGER'' -MegaWhale
CHAINLINK DAILY CHART- ChainLink is in an uptrend just after breaking out of an accumulation triangle. We must wait and be patient as we look for opportunities to enter the trend.
- We will wait for a counter trend pattern to join.
- We will wait for the price to pull back to some support to look for an opportunity.
Chainlink Looking Cheap Vs BitcoinChainlink looks battered and bruised when looking at LINK/BTC chart. Stochastics suggest LINK/BTC is oversold. MACD indecisive and RSI is not confirming any bullish sentiment here at 33.43.
From a contrarian point of view, it may be a good time to go long LINK/BTC.