LINK after DeFi crash2020 hyper coin Link has its first significant correction.
What changed after a DeFI crash? Well, to be honest nothing has changed. People are still loving Link and generally it is still one of the most popular investemen assets in 2020.
So sentiment is okay, people are looking what Bitcoin's next moves will be. And from TA, as it shows on a chart. Bitcoin could rally a bit so the Link could re-test a support, and after BTC will settle a bit,
we can expect Link to break that local resistance any skyrocket to the next one.
Regards
LINKBTC trade ideas
LINK/BTC is going to fall!LINK/BTC spiked from the Resistance/Support as was predicted. The price was rejected by 0.618 fib Resistance together with ROT swing.Bearish Engulfing in summary suggest that the price is going to decline.
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LINK.BTC (Y20.P4.E3).TA on the Macro structureHi All,
Based on the RSI and MACD formations, in my opinion, the following is likely to happen against BTC.
As for BTC I see a short term bounce to 10600 which aligns with this.
Note: AB=CD played out perfectly in both BTC and USDT charts.
LINK.BTC 2 HRLY chart
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4 HRLY chart:
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DAILY chart
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Looking for the MACD to cross over however its a slow indicator.
LINK.USDT
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S.Sari
LINK.BTC (Y20.P4.E2).Fractal and compound strategyHi All,
It is times like this (things are bullish), I search for opportunities. That 5% here and there can be compounded to make much more gains down the track.
I tend to use the total BTC equivalent as a measure to how I'm trading, especially in an uptrend. Down trend, I tend to look at the USD value to ensure I'm limiting my losses.
Anyway, here is one of those opportunities I have already acted upon.
Late last night, I flipped 1/2 of my LINK to BTC as I saw bearish signs at the micro level.
I will use the same BTC to buy back when I feel the time is right. Hence I will have more LINK and based on this chart, more BTC equivalent.
As for the 4 hrly chart, we can observe the following:
> the indicators support the fractal, from the 21\34 ema, fib level and formation\structure;
> the macd fractal will confirm it, and using the KDJ, will get an earlier signal as the MACD is lagging more so;
Link structure overview: Parabolic structure in tact and using fibs, target levels are clear
Close up view
Daily chart, candle sticks are weaker so far in this fractal area
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S.Sari
LINKBTC price actionBINANCE:LINKBTC is showing positive price action bouncing back from buy zone shown in green and from the bottom of the channel. I would prefer to see bullish divergence on the RSI similar to the bearish divergence formed at the two previous tops, hence, there is high probability that we will visit support at 0.00097
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This is only my own view and not a financial advice, do your own analysis before buying or selling
Happy Trading!
Link to bounce from the FIB 0.236!Link seems to show some signs of the possible bounce. The pair lies in the oversold RSI area and analysing the past uptrend we also see the Support that could be established at 0.236 FIB LVL , so the rise is highly likely scenario.
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LINK/BTC to bounce from the 200 MA!As we take a look at LINK/BTC we see that the pair is moving within Descending Triangle pattern. During the last pullback from the Downtrend line we got 2 Bearish Engulfing pattern. The price is testing Support zone and nearby we have 200 MA that has been acting Support as well , so we can expect the soon-to-be RISE⤴️!
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Short term correction into Higher time frame supportLINK Created an impulse move to the downside on August 16th, as marked in the form of 1,2,3,4,5 impulse count. Expect another leg down after this ABC corrective wave is finished.
Price should see a dip down to .00092687 in the coming week, that support zone is a key support on the daily chart and I expect bulls to heavily defend that level.
That is where I would be looking to be a buyer for a long term entry.