LINK/BTC bullish this month.We need a bullish BTC for this and link to make 12.8 as a local support, and I think we going that direction. I personally will try to go long from 10.8 - 11.2 zone. What do you think?
LINKBTC trade ideas
LINKBTC, The squeezing accumulation!Look at this clear picture!
The price bounced off the support line perfectly yesterday.
If we will see a breakout from the triangle it can be a possible impulse after this huge accumulation.
The potential profit will be 3 times bigger than the risk.
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Further to my thoughts on LINK.......... Before you read this post, please pull up the ETH chart at its inception.
As I have posted before I like LINK and I like it even more when I compare it to the chart pattern of Ethereum (ETH) when it first came to the market. As we all know, markets move in cycles (up and down) and LINK's timing into the market cycle seems to be well placed. This asset will certainly be at the top of my list again moving into the 2021 cycle. Investors have had plenty of time to buy LINK at a low price during 2019, this is called the “Accumulation Phase” where you buy into an asset at a low price, and now as we move into somewhat of a Bull market the price and value of the investment increases. (See chart)
In this chart, the Blue jagged line indicates the price and the brown, red and blue lines represent the 20. 40 and 100 day Moving Averages (MA) respectively. Note that all three MA (3) lines are moving in an upwards position. This gives you an indication of where the price may be moving. The light blue rectangular box shows the price span of the asset from Jan. 2019 to today and shows the value of a $1000 investment which I suggested, today at $20,643.40. Not bad for 22 months.
I believe that LINK can quite possibly follow the same growth pattern of Ethereum (ETH) my 2nd largest position when it came to market. For example, ETH had the same “Accumulation Phase” over only 4 months from July to Oct 2017 and then proceeded to rise up 774 % in just two months during its early growth phase of 6 months. Once again, a 774% increase in 6 months beats keeping your money under your bed in a sock. *** Please go and pull up the ETH chart if you like.
At best, we can only work with the information that the numbers provide and postulate from there. No one can see into the future and we can only see 100%, what has happened in the past. I have to tell you that this information is “NOT” financial advice of any kind, but merely an academic/theoretical exercise for friends to consider, rather than concocting some sort of vegetarian Zucchini meatloaf for Sunday dinner that would make your cat puke.
I am holding LINK for at least 1-2 years to see where it goes. It's not a scalping or day trade position. Of course you have to monitor these things, especially the volatility of BTC in relation to LINK.
Have a pleasant day.
wmw
Toronto, Canada
Oct 28, 2020
2:47 am
linklink hold suport line at weekly rsi from 2019 untill now . but now weekly rsi break this line . be careful
LINKBTC- Triangle SymmetricalBullish- But be careful the chance for fall is more than 60 percent
It is possible that it goes up directly from the middle of the channel
It is not a trade suggestion
Chain-link the path to 0.01 bitcoin per linkIn my opinion Chainlink is the darling of this market cycle due to the fundamentals.
The technicals of the Chainlink chart are the best in the whole market buy a huge margin. I feel we are at the very beginning of a new crypto bull cycle. Chainlink went from 0.2 USD to 20 USD in a bear market so I am excited to see what it can do in a bull market, definitely a must hold in your portfolio. If you believe that it is possible for bitcoin to go to $1'000'000 USD + then if chainlink can keep up it's current pace of growth the returns could be astronomical.
It will be a interesting next 5-10 years.
LINK / BTC - Update: Link Hard Pullback Coming SoonAn update on my previous idea, roughly where I think we're headed and when to buy back in (long-term). Obviously, still plenty of opportunities to make nice trades between now and then.
Edit: forgot to update the fibs, here:
See previous idea linked below, and old chart image here:
LINK / BTC Correction ZonePrice of LINK currently stucked at the triangle pattern, very important to trade swing trade outside of the triange and not trying to guess direction of the breakout.
THE BULLS START TO GET IMPATIENT (LONG LINKBTC)EXPECT A SHORT TERM JUMP IN PRICE WHEN BREAK THE TREND LINE.
LINK on the road to 500 000 sats!Amazingly bullish.
I wait the weekly closing of BTC before to long LINK. Just a question of time, but anyway we are going to make x5 from here.
See you at 500 000 sats.
LINKBTC BreakoutPossibility of LINKBTC breaking out through previous highs. Higher lows may suggest an uptrend.
Short LINKBTCWill expect alts money fowing to btc as it will continue to push towards aths while the graph shows that key levels have been breached on the linkbt pair and probably heading back towards 6-7k sats.
Link H&S?Looks like Link is forming a Head and shoulders my target is .00056 ish at the old support.
$LINK, Not what I was expecting to see here...$LINK
Not what I was expecting to see here...
Strong rejection from descending trendline, falling below ~91k sats support level
A close like this would make me think it is moving back to ~78k...
#LINK
