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ChainLink / Bitcoin

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LINKBTC trade ideas

CHAINLINK set for greatnessLooking at the big picture on the 5D, LINK/BTC is near a lifelong ascending support line (blue). It is also nearing the edge of triangle pattern formed by lower highs. Considering how solid the support is, I expect a break up from the descending triangle within the next 1-2 month at most. RSI is also in a long ascending pattern that I expect to zig zag steadily upwards. After that it should be free sailing to around its all time highs, netting a nice 130% profit.
Long
by odyszeus
LINK/BTC buy opportunityHi followers, BINANCE:LINKBTC is moving higher, after forming kind of head and shoulders pattern, running flat continuation pattern and higher low which confirms the possibility for a new up trend. Don't forget to manage your risk! 👌 Good luck and trade with care 🙏 If you like my content - 👍 Like, 💬 comment, 👆 follow and 👉 share! ❗❗❗ Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only!
Long
by FradkinXBT
2
Probably too good to be true... shower thoughtsWhen we had capitulated in May-July, I was measuring every fractal possibility known to man. One of them had similar characteristics in the price action, fib levels, and indicator patterns. That fractal is the final capitulation of the 2017 cycle. Then I thought... why not compare an alt-coin like LINK back to that time as well... and you get something kinda intriguing. The timing isn't 1 for 1, but the patterns are undeniable. Who knows... maybe we rocket from here after all? Sept isn't known to treat any markets well, but I wouldn't be surprised to ... be surprised... Food for thought... also check related idea
Long
by Ungovernable
1
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