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ChainLink / Bitcoin

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LINKBTC trade ideas

Chainlink One of my favorite patterns to trade is over a down trend when we start to form new structure and come up to a level of resistance. This type of move often gets squeezed into a wedge when the bulls continue to push price higher whilst the resistance sits still. After being hit numerous times the resistance level can some times break and we are met with impulsive price action. I personally like to get into these trades much earlier than waiting for the break so Im taking a position off trend now so that if we get pushed into the squeeze and we still cant break to the upside that I have plenty of time to exit the trade and still retain some profit. This could take a while to play out so im in this as a spot trade for now and happy to sit on it for a few weeks assuming bitcoin holds support above 50k.
Long
by DeNomics
2
LINKBTC Inverted Head and Shoulders!!Taking a look at chainlink BTC and noticed a very valid inverted head and shoulders pattern which is bullish! we are looking at a couple key areas here being the top of the shoulders and the 0.2 FIB, we are looking for something similar to my path drawing a push above and a retest is necessary before we can really start moving up. Now if this plays out we will have to look out for the 0.2 FIB resistance level we definitely should have enough momentum to cut through here but i would like to see a confirmed close above the 0.2 FIB. The RSI is starting to curl downwards but isnt in the overbought zone, but aslong as we stay above the midline we can be considered in a confirmed uptrend, now the stoch RSI on the other hand just had a bullish cross and we are now pushing to the upside so that means, theres for sure a chance we see the RSI do the same, along with price action. MACD aswell had a very bullish bounce of the orange MA in a what looked like a bearish cross, definitely seeing momentum here and the histogram looks very nice, each bar on this new green cycle is increasing in size day by day showing more and more bullish momentum, with no current sign of slowing down. Not financial advice just my opinion!
Long
by JacobR905
Chainlink buying opportunity below fair value LINK/BTCChainlink ($LINK) has corrected quite a bit relative to Bitcoin. It's down approximately 50% since the pivot high in May and now trading in its "fair value" range. The first demand zone below fair value starts around 0.000450 BTC. The yellow-shaded area is where supply and demand was in balance for a short period of time followed by a surge in buying. If and when price gets close to this demand zone for the first time it will be a good opportunity for me to exchange Bitcoin for Chainlink.
Long
by SupplyDemand