Cryptographic Truth Part 3 (Chainlink)TThe fractal continues to play out with amazing accuracy in timing and degree of angle; it's pretty amazing to see it play out live. I closed my leverage long at 13 dollars; it was an amazing run, but the risk is far too high for me now. I will explain why below.
In two days now, according to the fractal, we will start a fairly deep pullback that will shake out a lot of traders. Let's take a look at the RSI levels on the 2-day chart.
As you can see, we are at extreme overbought levels on the RSI. In the entire LINK history, only five times have we come to these levels.
So what you can see here is that when we break the range and reach our first local top of this zigzag pattern, the RSI comes to this exact level. So I believe we are very close to this local top and the first pullback in this fractal.
The last two times we broke ranges, we had pretty deep pullbacks. The first time was 40%, and the second time was 27%. The next Fib target is 15 dollars, a 0.618 retracement from there would be 10.2 dollars, and a 32% pullback, which would be the deepest pullback in an uptrend LINK would do.
Something I've talked about a lot is LINK/BTC dominance, and that is the most bullish chart for me. Price is good, but the dominance chart right now has broken the 1/1 Gann; it's time for turbo mode.
It is day 343 of this pattern, mirroring its predicted every move to the up and down for a year. To ignore it now and say in 2 days it's going to decouple and carry on up, blasting till 50 dollars, is a dream. We trust in the fractal and RSI historical data!
Now is the time to bring out the secret weapon; it's been some time since we used it and published it.
USDT dominance chart has been the key for me, hitting so many home runs really. This channel I have been following for years has predicted every top and bottom for years.
It's been straightforward when we get to the top or bottom of this channel, and right now there is still room to run.
If it's December 15th and we are at the bottom of this channel, which is the same time Chainlink should top out on this macro move, the top is in!
The perfect sell signal comes in if those two things happen at once!
This is another secret weapon, it's a Chainlink chart, and we basically still have room to run for now also.
The stage is set for a pullback at around 14-15 dollars. I won't be shorting it but preparing for a new long position if that pullback comes down into the 22nd of November.
