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Chainlinkbtc

LINK.USDT\BTC (Y20.P3.E4).TA on the Macro structureHi all, My thoughts on LINK both USDT and BTC pairing. My thoughts are: =================================================== > LINK.USDT < based on the below chart, on the right plain Based on my chart, we have a typical channel bull flag, as per chart and its found the fib. level 0.5 a area of demand and the 0.382 as support On the daily, and longer time frames 2D, 3D etc the upward pressure is still there. However the weekly its dropping of =================================================== > LINK.BST < based on the below chart, on the left plain * I see a temporary rally against bitcoin while BTC consolidates (forming a bull-flag likely a wedge or pennant) for another leg up to 12K + =================================================== Snapshot of LINK.USDT a bit early in the day when I planned to draft this post (ref. below I.Charts) I believe for what ever comes to BTC top this year will be wave 5 followed by ABC or 123 downward impulse (correction) then to start the next wave up of the macro structure, from 2 to 3 point of the elliot wave. Hence my thoughts is that many of the ALTs have made their top in this cycle and the remaining time will be the 123 impulse to find the bottom while BTC does the same. Note, I did buy into LINK today with the understanding that it will fall short or double top before sliding further down as the previous cycles as shown on the main chart. Please give me a like or tick for this post Regards, S.Sari BTC fractal My PREVIOUS LINK.BTC chart posted
Editors' picks
Long
by ssari
17
Chainlink set up to surge 32%LINKUSD, I previously posted a set up for a long, that's currently playing out, this is an update. The fibs are not quite fitting in estimating the target, but we have other methods that I can't explain over this one post. Link has set up for an upside continuation structure and has broken out of the channel, I would advise waiting for the candle before entry to make sure its a real breakout, however using the volumes indicator you can be able to tell if its a true breakout. Bitcoin is also looking bullish so it is very likely that the alt's will also run. If you used my analysis in the past week you would have made a good return on your money. If these ideas are helpful, hit like, follow and comment.. What else do you want me to analyse for you?
GEMINI:LINKUSDLong
by TradingWithTheTrend
3
LINK.BTC (Y20.P3.E3).TA on the Macro structureHi, :::::::::::::::: LINK/BTC :::::::::: This is an updated reviewed TA from the of the previous LINK.BTC post, link below :::::::::::::::: This chart gives a graphical account or explanation on the structure so far where we noted the howg fib. levels come into play and make sense. Therefore I will add some short commentary to what I have taken from this. Observation: ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::: > Note how I have a number of fib. sections on the left of the chart and how I used them which basically indicated from the top of each impulse we have a retraction to the 0.618 fib retracement level; > The blue arrows summarize the impulse moves from top to the support\retracement level (to 0.618) > Note how the gradient of each cycle, bottom line, is increasing in steepness (trend-line); > Note at a few areas, we have contraction\squeeze at the bottom trend-line, indicating another big move to come, represented by the green triangles; > Note the blue thin line (main resistance level) representing the top of each phase as a ascending triangle. > Some fractal's taking place; > Obvious one is that the trend upwards is maintained and is a beautiful healthy structure to keep going, likely; > The arc dotted lines are associated with fib circles which makes sense since we have a fib. level structure in price action; My Thoughts: ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::: From here I have 2 scenarios; scenario 1: we have made the top in this impulse and will have a pullback to the previous top level as depicted on the chart; scenario 2: we have not made the top in this impulse and we can go slightly higher to the red section, which will make the precious top level equal to the 0.618 retracement; This is represented by the red arrows at the top of the chart, or possibly higher. For now, I'm using the 8 HRLY or 12 HRLY to trade within this structure but reserve most of my funds to the orange level either way. How to trade this? ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::: I have jump in at 0.382 level as my WT indicator plus the bullish candle has given me the signal and I'm not sure if its going to play out as per this post or as the red arrows (scenario 2) indicate. I don't think it will go higher but either way, I'll sell when I feel the top is there. Below are some screen shots some from a few hours ago. Please give me a like or tick for this effort. Thanks, S.Sari Reason I bought in: Reason for scenario 2, refer to the red fib. levels on the right side of the chart My previous version of the structure
Long
by ssari
ChainLink - LINK - It's time!!!Are you ready? Let it play out...No one goes into the market thinking they should buy at the high and sell at the low. The problem is that at the moment when faced with the ups and downs of the market, it’s hard to resist the urge to do those things. Trading is all about spotting emotional excesses either to the downside or the upside. You want to be on the right side of those emotional reactions and not the wrong. #LINKUSDT : I'm SHORT/BEARISH position up until (GREEN BOX) Fibonacci retracement levels 50% . I expect that $LINKUSD will rip down. This would mean that CHAINLINK will lose more 50% of its current value against USDT Tether before it can recover. Well, I keep you updated as this timely issue evolves. If you want to win in this market, you need to be COLD and CALCULIST . Let it play out... #LINK #CRYPTO #LINKCHAIN #CHAINLINK #ALTSEASON2020 $BTC $BCH $BNB $XLM $EOS $ETH $ADA $LTC $TRX $XRP $IOTA $LINK $XTZ $BTT $XMR $NEO $BTT $MATIC $XMR $MRK $XEM $ONT $DASH $BAT $ZRX $LSK $NANO $REP #altcoins #bitcointrading #BuyTheFear #BuyTheDip
Short
by ferGOD
7
LINK.BTC (Y20.P3.E3).v2.StalkingHi, With this current BTC drop, it has given another opportunity to jump in to accumulate more BTC or LINK at a cheaper price. I jumped in at the 0.382 level for another trade. Usually I look for the 2nd touch to confirm the support level, but with some bullish charts like this, you might have to accept 1 touch, as per chart below It has confluence at a previous resistance as well as the fib level. Note: The 0.5 level looks more inviting or sound. Looking at the weekly, the structure and indicator is still bullish. No red candle stick or large wick yet. Looking at the 2Day chart, a similar story. Looking at the macro level, there is still a chance that Link can go parabolic, only if BTC holds the 8900-9K level and then up. You have to be in it to win it. Please give me a like or tick for this post. Cheers, S.Sari
Long
by ssari
4