Link - nailed it - past 4 months = my best trading yet!Last 4 months planned pretty much went perfectly - very happy.
BEST TAKEAWAYS:
- Plan off the daily timeframe (although this is published on the 4hr :)
- Keep sharing. Whilst I would never expect anyone to trade off my ideas I hope they gave some confidence to a few folk and bots to make some good decisions. I think we all share ideas to cement our own convictions and these certainly helped me stay invested when markets looked gloomy (e.g. XRP dragging the markets down end of December)
- You can be right today and wrong the next. My prediction by end of Jan was a red month across equities and crypto. Hopefully the recent BTC 30% dip has reduced this risk for the crypto market but a 60% drop form highs is always a risk / opportunity. Either way there is potential more upside on Link - see LINKBTC
Best, Hard Forky
LINKBTC
LINKBTC BreakoutGEMINI:LINKBTC
After Bitcoin's recent correction, LINK/BTC has started to break through its downward trend coming from its previous ATH. This very well could be a reversal with a new upwards trend starting to form.
With this coming at the same time as LINK setting a new ATH, This could potentially be the start of a massive run.
As always, this is not fiancial advice just my speculative opinion. Do your own due diligence.
Leave a comment and let me know your thoughts or other possible ideas!
LINKBTC Falling tops again, Linkshow is over. Same analyse as SNX lately, RSI show a strong rejection to create uptrend with the tops, I see it falling till oversold or close in the next days.
Buy back when RSI creates uptrend while more dips, confirm with 5min chart?
This is my personal analyse, no expert here but has seen some regularity with these while BTC is still on the move.
Very close to BB lately, 12 passing under 26 now from super high levels.
Chainlink looking to make a move against BitcoinChainlink is battling with the 21 day moving average. Any move above the 21 day ema can viewed as a bullish move. We also recently had an RSI low and the volume has spiked since. It seems to have had a strong bounce off of the support of the red support line. Be Patient, look for another bounce or a breakout above the 21 day. I would bet against another bounce as it already touched it twice.
Success is a series of small victories.
Chainlink Comeback Incoming: Possibly New All-Time-High!Chainlink is forming bullish triangle.
Chainlink is finding good support on 200 EMA .
Those two combined make up for a very reliable sign for Chainlink to gain massive bullish price movement!
In the past I've made an exact same idea in the exact same scenario whereby price eventually sky rocketed to 250% against BTC .
I highly recommend you to check this out:
At the time price tested and bounced one last time of support before breaking this triangular formation to the upside , first consolidating at first horizontal resistance and then starting a massive run.
The only difference now is that my analysis is against USD. BTC is performing extremely well and LINK is underperforming BTC very hard.
LINKBTC is back at its all-time-lows . This could be huge support but since BTC is gaining extreme popularity and institutions are STILL buying, this is not reliable price action data!
Disclaimer on bottom trendlines
A: very strong shorter term diagonal trend support
B: longterm diagonal trend support
(Both make up for the same triangular formation so it actually really doesn't matter which one you follow.)
In case you're interested, I called an another ATH on Chainlink 1 year ago:
(This shows again that Chainlink repeats its behaviour over and over again.)
LINKBTC to the MOOOOON? Cup & Handle appearingDo cup and handles work on a hourly chart of this length? If so then maybe we are in a cup and handle for LINK/BTC.
I dont know what the correct calc is for the Target price for profit taking, but if it is anywhere near the depth of this C&H then THE RICHNESS :)
LINKBTC - Is This The Bottom? The Wedge Must Decide!This is not financial advice - I am a noob and I am just learning TA.
LINKBTC in a wedge on the Daily chart - it has to break out of this long term downtrend line and start a move towards the 50MA.
Indicators are showing signs of strength forming:
Volume increasing,
OBV trending up + 9MA flattening out,
MACD crossed and pushing up.
RSI especially trending up.
On the daily - looks like we’re seeing a double bottom forming - bouncing right off a long term support at around 36000 sats.
If the 36000 level holds - we are looking to see LINK breakout over this long term downtrend line and close the gap towards the 50 MA before we are really looking at anything bullish.
If the 36000 level fails - we are looking at 33000-34000 as the next support but could go lower if BTC continues to boom. Eventually - LINK will gain against BTC and we will get paid off, barring anything unusual.
We may a lso see a head and shoulders pattern develop here with a neckline at 47000 - with a dip to 33000 and back up.
If BTC goes sideways for the next few days/weeks - we may have a good trading opportunity here.
I'm also hodling so - I'm in it for the long term ride :)
Lets see how it plays out.