$LINK: Pitchfork call was right... so far.Just checking in on $LINK after that wicked dump. We've seen it before and if we copy that bars pattern and compare it to current PA? We see that the test and bounce is usually followed by some consolidation before it's able to get enough momentum to fight back up above that median. If it does follow this fractal perfectly? (which it won't) The full parabola would align with an end of summer pump as crypto did in years past too. Generally end of year has been when things get absolutely nuts. We'll see if that happens!
- On the bounce and coming retest, i'd love to see that previous ATH of 19.50 hold?
- $LINK is and has always been extremely bullish fundamentally. We're buying more spot here and DCA'ing into growing our position at these prices for sure.
- Called the pitchfork bounce last week, we could honestly even see 10 dollars and still be maintaining our bullish macro structure.
Again... Everyone that I talk to about $LINK I strongly recommend buying small amounts consistently over time. Timing the market tops and bottoms is for fools. I firmly believe in the future of $LINK and the #Chainlink network. Everything in the world that uses smart contracts will be using and relying on this technology and everyone has to pay to participate. Corporations need to Buy, Hold, and Spend $LINK. Us small investors will benefit from this demand greatly.
Macrostructure
$LINK: Market Volatility be damned.Obviously when asshats like elon tweet and the retail rats go scurrying to animal coins? Thing get a little dicey for crypto in general. However, $LINK is still respecting the hell out of these pitchfork levels that I've been posting for the past few months.
- 4hr bull flag breakout and retest happening as we speak. If it can close this 4 hour candle above that upper flag line? I think we're back on track to test the upper blue 1.0 deviation on the pitchfork.
- In a more bearish / realistic scenario? I think we might get one more shakeout to test that 0.5 green dotted pitchfork prong that has been acting as support for quite a while now. Too much leveraged traders = rinse them out.
- Worst case scenario? BTC doesn't behave and we grind slowly down towards that big red median around the 35 dollar mark. There's massive support there and that PA would be completely fine in this bullish macro structure.