ChainLink - $LINK - 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% ; .618% 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.
Good luck!
#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
Chainlinkusdt
Link (ChainLink) at major resistance on the weekly candles ChainLink (LINK/USDT) is at major resistance on the weekly candles.
As a swing/hybrid trader I trade 90% of the time on the longer time frames (4h, 1d and weekly candles)
So, no stress, relax trading.
When we look at the resistance levels for Link we can see that Link is at a major resistance.
Only based on those support and resistance levels we can see, if Link breaks this resistance level the next resistance will be at 16.7 and 19.5
My targets for the long run:
- 16.7
- 19.5
- New ATH (All time high)
StopLoss,
I have for the moment a very close Stop Loss at 12.
There is a good change that we will go back to the 9 ich support level before we break through the 13 ish level.
This will all depend on BTC. If BTC goes up or consolidates we can see a break through. If BTC drops, Link will also drop to the support level or even lower depending of the drop.
Never loose a winning trade. Profit is profit.
You can always buy it back when it falls back on the support level or when it breaks the resistance.
!!! Stick to your trading plan and put your emotion into your refrigerator when you start trading ;-)
Sheers,
LINK opportunity for new highs?Hi all,
this is my first public analysis.
These 2 years in crypto have learnt me to focus on simpler strategies and to detect the right moment for entering an interesting positions.
Bullish triangle in a form, maker higher lows and waiting for breakout.
According to my patter I would wait for this bullish pattern to confirm by breaking out of the zone.
I would appreciate your comments on the idea.
Many thanks and happy trading!
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 NEAR term analysis (check this if you want an entry)I will update this idea when I think there is a "cleaner" opportunity to enter a long position. If you check my short term idea then you will see those time frames are looking bullish but we want a good entry using the NEAR term time frames as well to maximize profits.
Link MID term analysis (Ward method)Overall from what I am seeing in these time frames it does NOT look like we are ready to enter a bullish trend in the mid term time frames. We are likely to trade sideways at best allowing time for the green to come out to the side and get above the white energy and the red RSI to come up above 50. At worst the green line falls with the energy and stays below it with the red RSI turning back down. This would mean downward price action is occurring and will likely continue,
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 analysis using Ward methodFor now I will label this as a long position because it looks like link has more room to run up for the next 24 to 48 hours based on the 1day time frame
Although we must be mindful of the 2 day time frame. This will tell us when we need to get out of our long and flip short. or whether we continue in the long position
Note this is not saying to enter a trade right this minute. Wait for the pullback then go long
LINK.USDT (Y20.P4.E7).What's next?Hi,
*** This is another continuation post (v2) from the previous one, as per my posting methodology where I like to link the trading story where its applicable ***
Link supplied below:
Just before I dig into my thoughts, Peter B gave out this tweet which said:
Charts do NOT predict prices. No form of TA predicts prices.
Charts suggest the path of least resistance
Charts provide a means to determine the risk of a trade
Charts offer help in timing
Charts offer POSSIBILITIES, not probabilities and certainly not certainties
MY THOUGHTS:
====================================================
Note: Log on chart is not enabled.
As per chart, we see the following:
a) A possible Wedge breakout or channel breakout;
b) The weekly support line (green band) had confluence with the 0.618 retracement, if I recollect correctly. Refer to my previous posts.
c) For BTC or LINK in this case, to break a major resistance level, being the next fib level as well, it might require a buildup.
As you can see, I have the place 2 fib levels, macro and minor levels. Currently the resistance is at the minor level and my focus.
d) I'm looking for a ABC impulse move or what I think is more likely a Elliot correction wave of ABCDE as a bottom formation, hence a bullish pattern.
This area does lean towards a bottom formation but its yet to be confirmed and its in line with my thoughts on BTC, a ranging price where there is a key resistance (BTC 11400 to 11600).
e) I see the red line most likely scenario, on what little money I have, I will buy that dip, if BTC demonstrates something similar as well.
f) If LINK hold this $10.3 level and accumulates, then the blue arrow path is likely, but if it drops below $10.3, then that black band ($9.6) is likely to be revisited, hence forming another lower high, potentially and agreeing with the thesis of my yellow ascending triangle.
What are your thoughts, bullish on LINK?
Please give me a tick or like for this post.
Regards,
S.SAri
8 HRLY Chart, using the EMA ribbon for confluence with the fib levels to equate support levels.
PREVIOUS POST:
LINK nice entry opportunityPlease feel free to share your view on this pair down below in the comment section. I'm more than happy to be challenged and have an interaction on this idea.
Also make sure to leave a like as it helps me out a lot!
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LINKUSDT getting interesting. Here are my levels...I was watching for the market to hit 7.0 but it undershot the price and rallied, which I think is a good sign.
Now we are finding support at 9.0 which was a previous inflection level.
Where to next? If current candle closes near its high (bullish candle), I'd bet we would see at least a small leg up. If buyers got the strength, we should see a re-test of resistance just above 11. A daily close above that would be interesting (to say the least).
Check out the 4HR chart below and see if it doesn't excite the chartist in you... :)
Chainlink (Link) Is Completing Setup For Next RallyHey friends hope you are well and welcome the new update on Chainlink DeFi token.
On the daily time period chart the priceline is moving in a down channel.
The price action of LINK is rejected by the resistance of channel and 100 simple moving average at the same time. The priceline is already moving below the 25, 50 and 100 SMAs and has strong support of 200 SMA at the same level where we have the support of down channel. Therefore there are chances that the price action of Chainlink may take another bullish divergence from the support of channel.
The priceine of Chainlink is completing final leg of bullish BAT and soon it can entere in potential reversal zone.
The targets as per Fibonacci sequence of bullish BAT pattern can be as below:
Potential reversal or buying zone: $7.17 to $5.53
Fibonacci projection or sell zone: $11.10 to $17
Conclusion:
The priceline is rejected by 100 SMA and the resistance of the channel, therefore it can test 200 SMA support and the support of the channel at the same time and complete the bullish BAT. After this bearish move we can witness another rally to the upside. The potential reversal zone of BAT pattern can be used as stop-loss as well.