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ChainLink / Bitcoin

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LINKBTC trade ideas

Link about to breakoutChainlink is just weeks away from a breakout. We are in an almost identical pattern to 2018 and what followed was a 2 year 4200% gain against bitcoin. Not to say this will repeat exactly the same but it's certainly time to look for link to start making some large moves. However, I wouldn't be surprised over the next week or two if price dips another 10% or so to around .00052. I would look for confirmation above the downward sloping trendline, with that being said this trendline has already been breached on a linear scale. In terms of fundamentals, chainlink has grown its network integrations and partnerships exponentially in 2021 while price has gone essentially sideways. It appears 2022 will be the year of Link.
Long
by kg_sol
1
Link to $374 ?Based on the EW count, like a lot of other crypto charts we are in a long W4 correction that's tired a lot of people out. LINK is defying gravity, hopefully it stays that way when BTC resumes upwards. IF the LINK chart fulfilled destiny and met the 0.618 extension target then the price relative to a 43000 BTCUSD would be 374. So far we are flipping the yellow line to support, breaking the triangle, on bullish MACD divergence. The worst case is that LINK actually outperforms on this chart relative to a sinking crypto space... In which case it would be a useful raft. 100K BTC would mean an 807.06 link, that's a 28x from the current price of 28 LINKUSD.
Long
by ptero1492
13
LINKBTC HTF attempting breakout of fibonacci golden pocketLINK has been on a tear in USD and BTC terms and I'm finally breaking even in BTC terms on LINK bags bought in the summer, those of us still holding bags and worried about an upcoming bear market may consider keeping an eye on these levels and taking some off the table now or in the near future: 1) Approaching overbought readings on the 3D RSI, bearish confirmation would be a break back below 60 RSI as shown by the white arrows 2) MACD confirmed bullish breakout 2) Price trading inside the Fib Golden Pocket (high chance of reversal) when taken from all time low valuation against BTC in Dec. 2017 and all time high in Aug. 2020 3) Price has had 2 explosive 40%+ breakouts but also 2 false breakouts from this zone 4) Price just under the top of a downward sloping trendline since Aug. 2020, drawdowns from here have been -78% and -53% respectively 5) Golden pocket has acted as significant support and resistance as indicated by blue arrows As a current holder of spot LINK looking to capture as much upside of this momentum as possible and consolidate back into BTC before crypto winter this my strategy for the following scenarios: 1) Confirmed breakout and retest of Golden Pocket as support - trade some BTC for more LINK with a stop loss below Golden Pocket, keep an eye for reversals off .5 and .382 Fib retracements. - Take partial profits at horizontal fibs and all out on confirmed breakdown below 1.618 long term upwards fib channel 2) Confirmed breakout and immediate rally with no retest of Golden Pocket - Take partial profits at horizontal fibs and all out on confirmed breakdown below 1.618 long term upwards fib channel 3) Rejection off Golden Pocket - Take partial profits when 3D RSI breaks below 60 - All out when price confirms breakout below short term trendline parallel to upwards fib channel - All out when price confirms breakout below 0.236 of downward sloping fib channel Anything I missed? Is this speculation far too dubious to be a strategy? Let me know!
by readysetliqd
2
best buy opportunity for the LINK 🚀Hello traders 🐺 . this is a full and complete idea about LINK so make sure to stick with me until the very end and make sure to follow me on trading view to have access to all of me new ideas and updates about BTC and Altcoins .🐺🙏 this idea is a little bit different from my previous ideas because in this specific idea I wanna first look at the LINK/BTC chart to show you link situation against BTC and show the strength of the LINK against BTC : in the chart above we have a very interesting things about LINK and in my opinion this could be an amazing buy opportunity for the LINK but why ? first thing is that if you look at the chart you can see for about 500 days LINK/BTC was at the downward and accumulation phase and also in the RSI we have the same thing and the important fact is that the one of the biggest resistance line which push LINK to the down , now is breaking and in the RSI we have the same thing happen 🚀 ; but why this is important for us ? the reason why is that , when one coin show strength against BTC and also if that coin have the bullish sign against the USD this convergent of the bullishness could lead into the massive price pump , the bigger time frame you have this fact , the bigger result you might see . if price could reach to the all time high price against BTC it's mean that we could see a 170% price rise just against BTC so there is possibility to see much higher result against USD . So now it's time to talk about the LINK/USDT : here we have the Weekly chart : in the weekly chart you can see LINK price currently is in the very obvious ascending channel and now it's seems that LINK find bottom from the support line of the channel and it's very look like a W pattern , do you think to what I currently thinking ? LINK/BTC break the 500days resistance line , LINK/USDT created W pattern of the weekly chart and hold above the weekly support trend line and also in the RSI . RSI value is about to break the resistance line do you need more bullish sign ? ok let's look at the daily chart : in the daily chart you can see LINK created a W pattern and break the neck line which was in alignment with the daily resistance structure , with good amount of the volume so this is a legitimate break out , if you ask for the target of this minor W pattern , I think the most probable target for this W pattern is very close to the weekly resistance structure . 🐺 I hope you enjoyed this analysis. Do not forget to like and subscribe share my ideas with your friends , thanks for reading my idea 🐺
Long
by Kiu_Coin
2
🔥 LINK/BTC Bullish Break Out Still Intact: Massive Move SoonAfter a very long and gruesome 1.5 years of losing value against BTC, LINK has finally broken out of the bearish trend. Even after yesterday's sell-off, LINK appears exceptionally strong and the break out is still intact. Assuming that BTC will either consolidate or go bullish in the near future, I'm anticipating further appreciation of LINK/BTC. Be aware that we might re-test the dotted resistance line and turn it into support. Targets placed at a recent top and the all-time high. Happy trading!
Long
by FieryTrading
16