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ChainLink / Bitcoin

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LINKBTC trade ideas

Falling WedgeHello, Nice opportunity is building here. Macd is crossing up in 4hours and in 1D RSI is at reasonable levels Link has strong fundamentals Tradign plan would go as follow Duration estimation : 20 days Target. : 80 000 sats Optimal Buy price +/- 2% : 55 000 sats Stop the loss : 54 000 long term stop loss 51 000 Financial Disclaimer High Risk Investment Trading cryptocurrencies carries a high level of risk, and may not be suitable for all investors. Before deciding to trade cryptocurrency you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency trading, and seek advice from an independent financial advisor. ICO's, IEO's, STO's and any other form of offering will not guarantee a return on your investment. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. HUB CRYPTO will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. All opinions expressed on this site are owned by the respective writer and should never be considered as advice in any form. HUB CRYPTO makes no representation or warranties as to the accuracy and or timelines of the information contained herein. A qualified professional should be consulted before making any financial decisions.
Long
by HUB-CRYPTO
LINKBTC (ChainLink) - Coin of the weekChainlink is a platform that aims to connect the gap between the blockchain technology-based smart contracts and real-world applications. To achieve this goal, Chainlink uses oracles (a decentralized finance instrument) to feed data into smart contracts, because blockchains cannot access data outside their network. Oracles provide external data (e.g., temperature, weather) that trigger smart contract executions upon the fulfillment of predefined conditions. Currently, Chainlink has a 24h volume of $1,5 billion, ranking in the 10th place by market capitalization with a live cap of $11 billion. LINKBTC was in an uptrend until the 10th of August 2020 when it peaked at 0,001692 BTC. Now we find ourselves in a correction that retraced the price 76,8% from the initial top. Focusing on the 4h chart timeframe, we can see an uptrend that started from January 3rd, stopped at 0,0007962 and then started to make a deep pullback. We can see 2 likely scenarios here, it will either retrace to the support area marked on the chart and then go up, or it will fall through the support and break the January lows. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Short
by financialflagship
22
LINKBTC is testing the daily support 🦐The price is inside a descending channel on the daily timeframe and it's testing the support. We can see a deeper retracement until the weekly trendline. IF the price will have a breakout from the descending channel or a reversal behaviour from the weekly trendline, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
4