CHAINLINK (LINKUSDT/LINKBTC) Daily Trade Setups 2021/02/18Hi guys! I will be sharing the trades that I take in real time, follow to see how my trades work out!
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Trade Setups
Below are the potential trade setups that I would be interested in trading:
LINKUSDT
LINKUSDT is in a symmetrical triangle, so will be watching the test and/or break of either the triangle top or bottom.
Long Trade Setup #1: Retest and Continuation (200MAs)
1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ $31 by the time price reaches it, and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
Long Trade Setup #2: Breakout and Continuation
1. Price Action: Price breaks above and falls back down to $35.7 and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
Long Trade Setup #1: False Breakdown
1. Price Action: Price breaks below the then rapidly climbs above $35.7, forming a bear trap
2. Trade Entry Confirmations: A breakdown candlestick followed by a reclaiming candlestick, above average volume on both breakdown candle and reclaiming candle, MACD bottoming
LINKBTC
Long Trade Setup #1: Breakout and Continuation
1. Price Action: Price breaks above and falls back down to 75.2K Sats and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
Long Trade Setup #1: False Breakdown
1. Price Action: Price breaks below the then rapidly climbs above 75.2K Sats, forming a bear trap
2. Trade Entry Confirmations: A breakdown candlestick followed by a reclaiming candlestick, above average volume on both breakdown candle and reclaiming candle, MACD bottoming
About Me
I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016.
I have worked on Wall Street trading bonds, stocks, and options.
I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward.
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DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I will not be responsible for any actions you take based on the analysis and comments that I provide. I am simply sharing what I am doing, and is not meant to be investment or trading advice. What you choose to do with the information that I provide is your own sole responsibility! The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
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Chainlinksignals
This Can Be Really Bad For Chainlink (Link) HoldersHey friends, hope you are well and welcome to the new update Chainlink token.
Different support and resistance levels:
On the daily chart, the priceline of Link token is breaking out the different resistance levels and after breaking out re-testing the previous resistance levels as support before the next rally. Now the price action of Chainlink has found the highest resistance at $25. There are also simple moving averages with the time period of 25, 50 and, 200 with different support levels.
An up-channel and EMAs:
The price line of the Chainlink token is also moving in an up-channel and after getting rejected it is at the support of this channel. At the same time, it is also re-testing the exponential moving averages with the time period of 10 and 21 as support.
Long-term up-channel:
On the long-term weekly chart, the priceline of Link has formed a bigger up-channel and it is likely to be rejected by the resistance of this channel at the moment. Therefore in long-term we can expect a rally to the downside to re-test the support of this channel.
Conclusion:
In the short-term we can expect a move to the upside as the price action is at the support of an up-channel but in the long-term, a rally to the downside is more likely to be expected because the price action has been rejected by the resistance of a channel on the weekly chart.
Link: The completion of 4th Wave from point 3As you can see in the 240-minute chart, the price is in the sub- waves of 3rd wave, the 4th Wave hits to the channel line in the range of $ 17.10 and ends at that area. In my opinion, the target for the uptrend is $ 80 to $ 150, but the initial target is $ 38 to $ 40.
LINK ready to test ATH again !LINK / USDT
Chainlink just broke strong trendline resistance
We can see below 200 EMA daily was best support it has
Now i think with all these pumps in alts LINK is ready to test its ATH soon or even break it !
🚨 Daily close above trendline is very important to remain bullish
Good luck and happy trading 🌹
LINK 12h Historical high is close, what will happen next?For 4 months, the LINKUSDT price has been moving upward in the channel.
Of course, there was one flow by $8, either to work out our idea )) or to knock out the longists. But the fact is that without extra passengers, upward, it became easier for the locomotive to move.
Now the LINKUSD price is approaching the important $19-20 zone , which is very close to ATH.
And here we need to carefully monitor how the price movement will be controlled:
If the price consolidates below the level of $19, then no doubt they are preparing for a breakout upward, and there the targets are: $20 and $22.5 soon.
If there is a sufficiently strong rebound down from $19, and buyers will not buy it back, then thoughts will creep in that they are forming something like a "double top" or "Adam and Eve".
At least preliminarily, some conditions are already met:
- the first top is sharp from the spikes and with high volumes
- the second top is flatter, U-shaped, with low volumes
- the difference between the tops is not more than 5%.
In any case, you need to closely monitor the market and select coins, especially when prices are near historical highs. And you need to trade for the trend, not for wishlist.
It's also worth noting that Link is very sensitive to BTC flows.
Good luck to all of us)
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
Chainlink for the winSentiment went from ATH at 20 doll to in the dumps...overall lots of stuff happening right now, ie US elections and coronavirus. Countries are starting to tighten travel restrictions and some are outright shutting down. Chainlink certainly fell victim to a euphoric ride to the top by the crypto twitter bulls. The buying power fell however was supported heavily from 8-12 dolla. The chart looks to be showing more strength...the buyers are stepping in and we are holding a beautiful long term diagonal trend line. Swing highs are higher and swing lows are lower. Even if this chart doesn't follow the yellow line, if we hold that diagonal trend line then the march to the money will be glorious (albeit slower). Either way, more and more people are adopting chainlink, twitter is getting excited about it again and we have lots of reasons for volatility. HODL for the glory.
The Content is for informational and entertainment purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. This is not financial advice nor am I a financial adviser. :)
LINK / USD Careful price might see 10s againHey! LINKUSDT price can follow small swing towards 10-s zone in nearest day or two. Keep your position sizes under control and manage risk is important, especially if you are trading with leverage. SL zone for short can be placed above 11.2 (0.618 Fib) and I highly recommend to watch for closing prices, as crypto market loves to fool us with long tails.
Stay safe and awesome! Have a good profits!
Trading diary- Public trade 01- Chainlink trading 01I have finished my very first bot that has a very peculiar strategy. My strategy isn't to maximize profit, but rather minimizing risk. I have backtested it and it has been ready since July or august so I haven't been trading because I didn't have an entry. My strategy is very simple: I long when my bot tells me to long and I exit once it tells to exit. I don't short. Maybe in the future I will work on something, but the idea here is to make as much profit as possible effortlessly.
The idea here is to make a public diary.
I entered the trade around 10.80.
My bot is still under construction, this is just the mvp , I will be improving it on the go.
My target is around 80-100 usd within the next 5-6 months. The trade gets invalidated if we close below 7.36 for at least a month.
On the picture below you can see my guess of what is going to happen. Just a reminder, it is just a GUESS, I don't and I won't trade on guesses, I trade once a few conditions are activated, this is just for entertaining and marketing purposes :)
I, Pepe Giovanna have a dream!
LINK. 6h. Buyers weakness and test of $7.6-7.8.We are glad to meet with you again to analyze the market situation of LINK coin . In our previous idea , we wrote that the next important zone for us is $8.40-8.70.
Recently LINK price set a local low $8.79. In response, buyers were able to organize a slight bounce and test the mark $9.5.
This information gives us the right to assume that the Link price will continue to fall to the zone $7.60-7.80.
In this zone, you can try to buy back with a target $9.50.
________________________________
Each " like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
Has ChainLlink Got The Juice to Push Higher?BINANCE:LINKUSDT
Can Link continue to resist the drag net of Bitcoin and find new highs even if and as BTC lags??
A long play for me at this point is a break and retest with bullish looking p.a around the boxed area $4.80/$5.00ish
Be interesting to watch this weekend, especially if big moves come for BTC...up or down.
Is CHAINLINK about to break upwards?A rather simple chart but what do you make of this? LINKUSD pattern since June 2019 resembles the consolidation of May 2018 - April 2019.
This consolidation pattern aggressively broke upwards (along with the majority of cryptos) to form the June top. The key here is the 0.382 Fibonacci. As long as it holds, I believe there are chances for LINK to break upwards in the same manner.
What do you think?
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
Weakest Link In The Chain?
LINKUSD has been on a tear since we began covering it here at Sparkster a month ago. It did indeed drop down almost to target of $3 before rebounding up to test previous ATH of $4.80. But now what?
With 3 Hammers we see LINK dropping as low as the $3.70 level for a 13% drop, before pushing through that ATH.
When it moves back up, it may move fast, so traders will be looking to Buy The Dip
TRADINGVIEW GLITCH RESOLVED ?? HOPEFULLY -- CHAINLINK SHORThttps ://imgur.com/ gallery/ NWoHfMm
https: //imgur.com/gallery /95QLy0s
(Spaces in betwen both links; delete them in the web browser for access, otherwise TView won't let me post them)
FIRST AND FOREMOST....I feel it necessary to explain myself as to why the hell its been almost 2 weeks since I published anything; let me put my (small, but vocal & loyal followers whom I am very appreciative for =D) at ease & let you all know that what has happened needs no further explanation that the screenshots taken as revealed in the images posted on imjur today...
I posted this support ticket on TradingView Help Center on 12/21/19 & I'm not sure if the issue was resolved but it appears to be...I hope anyway.
The support ticket (both the one I had filed & the ones I had in the past going back several years) were all wiped clear..and the data analytics show a patch resolved a bug on 01/11/2019 so I hope that this puts this matter to bed. In short, I had two tradingview accounts (courtesy of IoS (which LOATHE AND DESPISE) ) as well as logging in via facebook/google/twitter or hand typing login/psasword in full juxtaposition with logging in solely with one method: using the login/password manually (which on my phone is no biggie..thanks to face ID & such) nor is it on my PC / laptop as I often find myself typing faster than I think so constantly put myself in a position where the expression "think before you speak" applies directly to the context in which I mistakingly (at times) forget to "think before I TYPE!"
The main issue I was having was that it created a duplicate account -- my publications, followers, rep were getting split into "atarabichi" and "a1mtarabichi" which was so damn frustrating as not only did it prevent me from posting any publications; but I could not access intraday trading timeframes...
Some of the lovely publications you missed (but not for lack of trying) in the past week alone: $EOS $DATA $BNB $ETH & my LORD did I want to post my $LEND & $TRX publication as that was a HUGE haul and it pissed me off that I could do nothing more than tweet " According to Financial News, the company was the fastest growing asset manager from 2000 until 2005 when it stopped accepting new accounts. [Its assets under management have increased by 25% each year during the 2001-2010 decade with employees at eleven times their year 2000 levels.
The company's Daily Observations research is reportedly read by leaders of central banks and managers of pension funds around the world.
In 2012 Dalio appeared on the annual Time 100 list of the 100 most influential people in the world. In 2011 and 2012 Bloomberg Markets listed him as one of the 50 Most Influential people. Institutional Investor's Alpha ranked him No. 2 on their 2012 Rich List.
It utilizes a global macro investing style based on economic trends such as inflation, currency exchange rates, and U.S. gross domestic product. Bridgewater Associates began as an institutional investment advisory service, graduated to institutional investing, and pioneered the risk parity investment approach in 1996.
I first discovered Dalio after finishing "The Making of an American Capitalist" a semi-autobiographical and strategic guide on Warren Buffet written by Roger Lowenstein -- another MUST READ recommendation; but unlike Lowenstein's book on Buffet...Dalio's semi-autobiographical investing guide, not dissimilar from the aforementioned one about Buffet, is more of a "Dos and Don'ts Rulebook for venture capitalists" and it was written by himself. It gives you a dive into the mind of one of the greatest entrepeneuers and investors to have ever existed int he history of mankind -- and you damn sure learn a lot from it!!
For those interested in Dalio's book...it's called "Principles: Life & Work published in 2017 Ray Dalio based on principles he had developed while running Bridgewater Associates.
WITH THAT BEING SAID: I'm praying this publication will post properly...and I could go on all day with this oped but I've said what I needed to say thus far and need to foucs (from hereon) moreso on quantity & less on quality (that's not to say I need to be one of those clowns posting 15 chart publications a day with an accuracy rate of about 40% and talking crap not knowing what the hell they're saying -- and they do so with absolute subborness & such confidence like "how the f could you possibly know?" but I digress.
I just felt it necessary ONCE AGAIN to distinguish that I will always practice this concept of being radically open minded; always be open to the idea that I am WRONG and my TA is clearly wrong as well. It's IMPOSSIBLE to account for all anomalies when it comes to investing, but with the 10 Crypto Commandments (it's on my Linkdeln page as well as my Twitter...I highly suggest you read it) and don't be one of those "TLDR" clowns who expects to get rich without doing any research whatsoever..
I live my life using the 7 P's to guide my version of success (in roder from most to least important) I suggest others do the same as this philosophy is foolproof, despite being different contingent on your personal preference/hobbies/goals/aspirations:
1) Prepare
2) Prioritize
3) Portfolio Management
4) Python 3.7 (cloud computing & data compressionn MOSTLY(
5) Promises (New Years Resolutions -- Promises made, Promises kept including taking care of my mind/body/health for what I call an "inner spiritual revolution" though that's a whole other oped/article for a whole other time/date
6) PRACTICE (Nothing worth having comes EASY -- BUILD the skills I need to have while BOLSTERING the ones I do have)
7) PLAY!! (BALANCE, R&R, RELAXATION..I learned the HARD WAY in 2019 that not having the right routine, which includes setting time aside for a hobby (reading a book, watching TV< working out, getting laid, clubbing, ANYTHING that helps you grow spiritually)
I got a little out of hand here so I'll update later... with that being said: We've got an inverted H&S ON CHAINLINK LINK BTC
Numbers, targets, STOP LOSS (red horizontal) and all the likes posted above.
[list [
[b ]Personally I"m shooting for TP 0.00028995 & setting stop @ 25064S.
Fairly bullish on this signal as evidenced by the inverted H&S posted in chart above
Cheers.
HAPPY BIRTHDAY TO MY BEST FRIEND & LITTLE BROTHER -- ADAM T. Love you bud!
TRADINGVIEW / STOCKTWITS / LINKDELN / TWITTER / IG / SC / BENZINGA / ETC..
Respectfully,
-@a1mTarabichi
Is CHAINLINK the next BITCOIN?Ok that was not the best way to describe what I want to bring forward on this study but it is amazing how similar ChainLink's current bull phase on the 1D timeframe looks to Bitcoin's price action since mid 2017 on the 1W timeframe.
Not only is the candle action (see the shapes) and pressure points (see the arrows) similar but also the MA50 and MA200 periods on both charts behave in the same way. The break of the MA50 signalling a bear move and the support on the MA200 signalling the bottom.
What can this potentially mean for LINKUSD? Maybe nothing but I suggest that we pay close attention to BTCUSD on 1W for pointers on LINK.
LINKUSD formed a bullish Shark | Upto 29% expectedPriceline of Chainlink / Tether US cryptocurrency has formed a bullish Shark and it is entered in potential reversal zone to hit the sell targets soon insha Allah.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
Volume profile is showing less interest of traders here, but Stochastic is oversold and did not give bull cross and MACD is strong bearish so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy.
I have used Fibonacci sequence to set the targets:
Buy between: 1.5555 to 1.4583
Sell between: 1.6668 to 1.8874
Regards,
Atif Akbar (moon333)
LINKETH formed a cypher | Upto 23% expectedPriceline of Chainlink / Ethereum cryptocurrency has formed a bullish cypher and entered in potential reversal zone.
But MACD and Stochastic are still strong bearish therefore I will would suggest to wait for weak bearish signals from MACD or bull cross from stochastic for secure trade otherwise the leg can move more down to form a shark pattern.
I have defined targets using Fibonacci sequence:
Buy between: 0.01098500 to 0.01032429
Sell between: 0.01150778 to 0.01275943
Regards,
Atif Akbar (moon333)
CHAINLINK about to rocket to $4.500.This signal is based on inter time-frame pattern recognition and in particular ChainLink's July/ August 2019 4H price action versus the 2018 1D candle action. Before there are any misunderstanding and willing critics of the different time frame comparison, I am stating that I am interested in pointing out the obvious similarities. Trading psychology is the same whether on short term pattern or a longer term horizon.
So to cut straight into the study at hand, we see that LINK's 1D chart on the 2018 bear cycle ended with a Double Bottom below the MA50. What followed was a strong 6 month rise to a new All Time High.
Similarly the current July/ August 2019 4H price action is on Double Bottom levels and below the MA50. If the same trading dynamics apply then soon we should see a bullish reaction first to the 2.75 Resistance and in a month's time towards 4.5000.