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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 ================================================== 4 HRLY chart: ================================================== DAILY chart ================================================== Looking for the MACD to cross over however its a slow indicator. LINK.USDT Please give me a like or tick for this effort. Cheers, S.Sari
Long
by ssari
3
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 Please give me a like or tick for this post Regards, S.Sari
Long
by ssari
1
LINK/USD Remarkable Weekend Rally Hits Pause Under The 100 SMA Chainlink recovers from levels under $10 but the falling wedge pattern breakout stalls under the 100 SMA. LINK/USD mission to scale the levels to $20 still intact as bulls look forward to capitalizing on the break above the 100 SMA and $14. The $4.4 billion decentralized finance price live feed protocol has posted a relief rally following a devastating fall last week. Chainlink failed to retest the yearly highs at $20 in August. Attempts to sustain the uptrend saw LINK hit barriers at $16 and $18 respectively. On the downside, support was confirmed severally at $13. However, the bearish wave encountered forced the fifth-largest cryptocurrency slightly below the critical $10 level. Amid the drop, Chainlink formed a falling wedge pattern. This pattern is very common in technical analysis. Traders are able to anticipate a change of the trend and prepare accordingly to capitalize on the upswing of the price. A falling wedge usually signals the end of a downswing and the beginning of an uptrend. Note that this pattern cannot be utilized on its own; it must be supported by other indicators like the Relative Strength Index (RSI) and the volume indicator. At the time of writing, LINK is trading at $12.79 after stepping above the initial support at $10 and the falling wedge resistance. Marginally above the prevailing price, LINK is facing acute resistance from the 100 SMA in the 4-hour range. Looking at the RSI, Chainlink seems to have stalled and is currently favoring a sideways trading action. The leveling motion at the midline favors consolidation in the near term. However, the uptrend mission is far from over. In fact, bulls have no plan to abandon their push for gains above $20. Meanwhile, gains above the 100 SMA would place LINK above the resistance at $14. This move would most likely encourage more buyers to join the market in anticipation of more upside price action and the opportunity to sell at a higher level, preferably $18 or $20. Chainlink Intraday Levels Spot rate: $12.82 Relative change: -0.05 Percentage change: 0.35% Trend: Sideways bias Volatility: Expanding
COINBASE:LINKUSDLong
by CoinGape
1
LINKThe trend is your friend, the trend is your friend, the trend is your friend. say it with me! At least I hope so. Listen, I think we are in a bull market. This is likely a healthy correction. Chainlink has a good fundamental case use unlike some shitcoins out there. Furthermore the correction is likely because of cautious (smart) people having stop losses in place. Lets soak up some of that money at the lower bids and carry the F on! I can't see how we would go below 12 bucks again but hey what the hell do I know...just a guy playing with lines on a chart! The Content is for informational and entertainment purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. This is not financial advice nor am I a financial adviser. :)
BINANCE:LINKUSD
by RozeRoze
1
LINK.BTC (Y20.P3.E4).Rare Gems and the Parbolic Curve PatternHi All, **** This is a continuation of the previous post > LINK-BTC-Y20-P3-E3-TA-on-the-Macro-structure, link below **** As I am still a junior in this field, I have however learnt something new this week and today to confirm something that just dawned on me, the Parabolic curve pattern. FYI. I was trying to work out when to sell. Help me if you can? I don't know much about it besides what I have seen recently on google to know this is it and that it is likely to have 4 base levels. The issue I have is working out the target. Some time back (post below) I got the Editor's Picks of the week (and will feature on the page www.tradingview.com). 1st time. What I didn't know was actually doing a good job at getting the target right (I think, maybe more). If I had know about this pattern I would have traded it much more successful. I'm sharing this for others to benefit and to share the thrill of getting things right. Now if any of you know where I can find out more details about this topic, I would much appreciate it. For now, I saw a video that stated that the selling point is equal to the Base of (3) x 2.16 If this is correct, then we have 2.16 x 0.00016004 = 0.00034568 and that the Base of (3) x 0.79 with give the base of (4) = 0.0002865 Cheers, S.Sari PREVIOUS POST that came to work out OK.
Long
by ssari
11
Buying Chainlink Fomo Here Is Very SketchyAll of the talk in crypto town is around chainlink. You know what they say... when everyone is talking about it, probably not a good time to buy. This one has an insane rally and now is dead on Resistance at $10. If your buying this now, I pray for you. I personally think it's a good time to take profit and hop out. The risk to reward buying here is not worth it, lots of room for support drop off. I'm not interested, but I do wish you the best of luck hodlers.
COINBASE:LINKUSD
by UnknownUnicorn2319099
95
LINK USD D AnalysisWe believe from the analysis drawn above LINK will attempt to break a Crucial Resistance @ $11.65 - $11.9. Fail to reach closely or break the stated resistance and we will see a trend reversal where we expect bulls will be exhausted. Depending on the market sentiment in the coming future we will see the Bull purchasing power and holding power and lead to the scenarios drawn on the graph above (Dark Blue, Purple, Pink). Link is moving with strong bullish sentiment although the majority of the momentum is fuel by speculations and FOMO in my perspective. Despite the potential for growth in the years to come if the use case is still valid and adopted, As there will be many supports below here is the list of Major Supports: Orange Trend Line (Act as a Support derive from Fib Middle Band) S1: $4.97 range, S2: $3.02 range, S3: $1.425 Range
BINANCE:LINKUSD
by ScryptoAcademy
2
LINK / BTC - Swing Trade / long-term investmentOscillators indicate buying signals for LINK on the LINK/BTC chart at the 1D TF. LINK has completed an ABC correction which has found support on the 50 SMA and now there is enough bullish momentum for a 13-23% pump (entry between 0.000691-0.0006674) before a further correction to the downside (which is indicated on higher TFs). Swing Trade LINK-BTC (R:R=1.5-1.6): entry#1: 0.000691-0.0006674; TP1@0.000784; TP2@0.000799; TP3@0.000848, with 3% TTP NO stop loss recommended for this crypto for fundamental reasons (in case price falls considerable lower, add more LINK to your portfolio -> accumulate it and hodl/stake it for long-term) I´m not a financial adviser. For educational purpose only!
Long
by Asset-Ethology
LINK.USDT\BTC (Y20.P3.E4).TA on the Macro structureHi all, My thoughts on LINK both USDT and BTC pairing. My thoughts are: =================================================== > LINK.USDT < based on the below chart, on the right plain Based on my chart, we have a typical channel bull flag, as per chart and its found the fib. level 0.5 a area of demand and the 0.382 as support On the daily, and longer time frames 2D, 3D etc the upward pressure is still there. However the weekly its dropping of =================================================== > LINK.BST < based on the below chart, on the left plain * I see a temporary rally against bitcoin while BTC consolidates (forming a bull-flag likely a wedge or pennant) for another leg up to 12K + =================================================== Snapshot of LINK.USDT a bit early in the day when I planned to draft this post (ref. below I.Charts) I believe for what ever comes to BTC top this year will be wave 5 followed by ABC or 123 downward impulse (correction) then to start the next wave up of the macro structure, from 2 to 3 point of the elliot wave. Hence my thoughts is that many of the ALTs have made their top in this cycle and the remaining time will be the 123 impulse to find the bottom while BTC does the same. Note, I did buy into LINK today with the understanding that it will fall short or double top before sliding further down as the previous cycles as shown on the main chart. Please give me a like or tick for this post Regards, S.Sari BTC fractal My PREVIOUS LINK.BTC chart posted
Long
by ssari
17