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Chainlinkbtc

LINK.BTC (Y20.P4.E3).TA on the Macro structureHi All, Based on the RSI and MACD formations, in my opinion, the following is likely to happen against BTC. As for BTC I see a short term bounce to 10600 which aligns with this. Note: AB=CD played out perfectly in both BTC and USDT charts. LINK.BTC 2 HRLY chart ================================================== 4 HRLY chart: ================================================== DAILY chart ================================================== Looking for the MACD to cross over however its a slow indicator. LINK.USDT Please give me a like or tick for this effort. Cheers, S.Sari
Long
by ssari
3
LINK.BTC (Y20.P4.E2).Fractal and compound strategyHi All, It is times like this (things are bullish), I search for opportunities. That 5% here and there can be compounded to make much more gains down the track. I tend to use the total BTC equivalent as a measure to how I'm trading, especially in an uptrend. Down trend, I tend to look at the USD value to ensure I'm limiting my losses. Anyway, here is one of those opportunities I have already acted upon. Late last night, I flipped 1/2 of my LINK to BTC as I saw bearish signs at the micro level. I will use the same BTC to buy back when I feel the time is right. Hence I will have more LINK and based on this chart, more BTC equivalent. As for the 4 hrly chart, we can observe the following: > the indicators support the fractal, from the 21\34 ema, fib level and formation\structure; > the macd fractal will confirm it, and using the KDJ, will get an earlier signal as the MACD is lagging more so; Link structure overview: Parabolic structure in tact and using fibs, target levels are clear Close up view Daily chart, candle sticks are weaker so far in this fractal area Please give me a like or tick for this post Regards, S.Sari
Long
by ssari
1
Chainlink Just Confirmed Bull RallyAlthough LINK has pulled back up to 50% we have confirmed a S/R Flip and We Expect That This Rally Is Just Starting... ChainLink is a decentralized oracle network that provides real-world data to smart contracts on the blockchain. ... For smart contracts to craft agreements beyond those that pertain to data found on the blockchain, they require off-chain data in an on-chain format. ChainLink is currently ranked #1 in De-Fi Coins. Definitly a good token to mid-long term hold.
GEMINI:LINKUSDLong
by contemplatingcrypto
5
Chainlink--Correction ContinuesI'm a seller here. A serious neckline has been broken, with further drop expected. I'm making no bottom prediction here. Reasonable expectation is the .618 fib retracement level at 8.6. Another is the bottom line of the trend channel shown, since corrections very often are contained within trend channels. As I previously indicated, this is an EW wave 4 correction at primary degree. Wave 4's very often form a triangle, however, that is not likely to be an option here, although remains so on the LINK/BTC pair. At any rate, it is unusual for a wave 4 to make a deep correction, and in any case may not descend beyond the top of component wave 1 (which in this case is at 5).
BINANCE:LINKUSDShort
by TeKay
LINK.USDT (Y20.P4.E1).Rare Gems.No.1.Bullish again **** This is a continuation of the previous post, link below **** Hi All, Firstly don't miss out. I have been stalking this bugger for some time and kept buying the dips in the formation and now its done a breakout, it almost lines up with BTC to soon break out as well. Either way, you win but one would like to flip to BTC when it rockets up as well. If you recall a few incidents with btc dominance (chart), when BTC dom is about to go up, the alts are likely to drop a small % (5 to 10%). So if you time it well you can compound with this upward motion with both coins. But your timing has to be good. As for this chart, there are two ways to look at this formation, and both are good signs. I thought I better post this update so you still have a chance to get in. The daily even looks better Cheers, S.Sari BTC chart Previous posts related to this one (continuation). (I like to keep posts linked so when I look back, I have a clear history on my success and failure points, and hence easy to review and learn to improve).
by ssari
3
Chainlink--Breakout StakeoutThe chart shows Chainlink at an important decision point (against both the USD and BTC), a classical triangle with lower highs and higher lows. The lower line represents an important head and shoulders neckline which if violated will signal a likely substantial descent. The upper line has been well respected by price action so far and a breach will likely mean a resumption of the uptrend. Is it possible that the 12.90 low so far in this correction is as low as it goes? Yes. That point is almost exactly the .382 fib retracement level, which is very common for an Elliott wave 4th wave correction. The wave degree is apparent on the Binance charts. Chainlink peaked on 16 Aug marking the end of an EW impulse wave 3 of primary degree, with the wave 1 previously peaking on 29 Jun 19 and corrective primary wave 2 ending on 13 Mar 20. I’m a seller if/when the neckline is broken; a buyer if/when the upper trendline is broken.
BINANCE:LINKUSD
by TeKay
$LINK/BTC Short - Possible Blow-Off Top FormingI think there's a good chance we may be seeing the beginning of a volatile and rapid bearish expansion for $LINK. We can see a high correlation between Chainlink's chart to a typical market bubble / blow-off top - including an almost vertical, aggressive final phase finishing off with a spinning top on the 12H. Looking at the hourly chart, we can see that we've broken market structure by having clean closes below the swing low that made the high - this being so much more significant due to it occurring at the -0.27 extension of the daily range that preceded the final run up. We failed to break back into bullish market structure and have instead retraced back into the hourly supply that made the most recent swing low. Combining the factors mentioned on the chart above/this analysis with the increasingly widespread euphoric speculation leads me to believe the whales might have found their point of highest liquidity in which to sell in to. In conclusion, I would be vary wary of entering any long positions at these levels as it seems likely we might be seeing circa $8 again before long. If true capitulation occurs, we could even see sub $5 in the coming months. I know this won't be a popular opinion, but it's often best to exercise a contrarian view when your analysis indicates weakness and the hype levels are at such a peak. Thanks for looking - don't shoot the messenger! FantasticMrFX
Short
by nstorrsfoxgmail
Tradional markets reaching new highs - (BTC follows ETH) - imoGood morning everyone. The entire market (crypto & tradionals) have been breaking ATH's (especially tradional stocks) like gold for example. Link has been outperforming BTC. It's time for BTC to shock people like LINK has been doing. Uptrend has 3 solid points of contact (validation), while the downtrend has 2 solid points of contact (validation), however the downtrend wicked above, but recovered after. White checkmarks = (validation) points Yellow checkmarks = (invalidation) - in this case looks like double top. We've recovered since that drop already & with support. (cme gap - 9600 - keep in mind gaps don't need to get filled right away - the 11800 gap wasn't filled for 2 years) (where this rally started - the start green candle to spark attention - (9000 - 9250) Be safe & stick to your plan (don't let emotions get in the way of your TA & bias) Smash that like button if you appreciate the chart. 👍👍👍👍👍👍👍
GEMINI:BTCUSDLong
by Yurlo
2
LINK CHAINLINK retracement levelsChainlink, Tellor, and Band Protocol all provide what are known as “oracles” for decentralized applications. Oracles connect off-chain data to decentralized applications — a service that has become increasingly important to DeFi. I`m looking for a retracement to 0.618 level or 0.00085270btc. If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
Short
by TopgOptions
7
Head and Shoulders for LINK!Hello, traders. What Does A Head And Shoulders Pattern Tell You? The head and shoulders pattern is comprised of three component parts: After long bullish trends, the price rises to a peak and subsequently declines to form a trough. The price rises again to form a second high substantially above the initial peak and declines again. The price rises a third time, but only to the level of the first peak, before declining once more. The first and third peaks are shoulders, and the second peak forms the head. The line connecting the first and second troughs is called the neckline.
Short
by MarketMinds
2