CHAINLINK (LINKUSDT/LINKBTC) Daily Trade Setups 2021/02/19Hi guys! I will be sharing the trades that I take in real time, follow to see how my trades work out!
If you like this post, please support me by clicking the like and follow buttons. Also feel free to share your thoughts and analysis in the comments below!
And don’t forget to check out my daily analysis on Bitcoin, Ethereum, and Altcoins!
Trade Setups
Below are the potential trade setups that I would be interested in trading:
LINKUSDT
Long Trade Setup #1: Retest and Continuation (200MAs)
1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ $31 by the time price reaches it, and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
Long Trade Setup #2: Breakout and Continuation
1. Price Action: Price breaks above and falls back down to $35.7 and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
Short Trade Setup #1: False Breakout
1. Price Action: Price breaks above and then falls below the high @ $35.7, forming a bull trap
2. Trade Entry Confirmations: A breakout candlestick followed by a breakdown candlestick, above average volume on both breakout candle and breakdown candle, MACD topping out
LINKBTC
Long Trade Setup #1: Breakout and Continuation
1. Price Action: Price breaks above and falls back down to 75.2K Sats and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
Short Trade Setup #1: False Breakout
1. Price Action: Price breaks above and then falls below the high @ 75.2K Sats, forming a bull trap
2. Trade Entry Confirmations: A breakout candlestick followed by a breakdown candlestick, above average volume on both breakout candle and breakdown candle, MACD topping out
About Me
I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016.
I have worked on Wall Street trading bonds, stocks, and options.
I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward.
Why Follow Me
Daily analysis on the latest market movements and price zones for high probability trade setups.
Sharing of live trades that I take.
A great place to help each other, learn from each other, and grow together.
Trading education including a comprehensive cryptocurrency trading eBook, personal advice, and other educational materials
Constantly testing and adding new trading strategies and refining battle-tested ones.
DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I will not be responsible for any actions you take based on the analysis and comments that I provide. I am simply sharing what I am doing, and is not meant to be investment or trading advice. What you choose to do with the information that I provide is your own sole responsibility! The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
Please support me by liking and following, and sharing your ideas and analysis in the comments! Thanks!
LINKBTC
CHAINLINK (LINKUSDT/LINKBTC) Daily Trade Setups 2021/02/18Hi guys! I will be sharing the trades that I take in real time, follow to see how my trades work out!
If you like this post, please support me by clicking the like and follow buttons. Also feel free to share your thoughts and analysis in the comments below!
And don’t forget to check out my daily analysis on Bitcoin & Ethereum!
Trade Setups
Below are the potential trade setups that I would be interested in trading:
LINKUSDT
LINKUSDT is in a symmetrical triangle, so will be watching the test and/or break of either the triangle top or bottom.
Long Trade Setup #1: Retest and Continuation (200MAs)
1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ $31 by the time price reaches it, and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
Long Trade Setup #2: Breakout and Continuation
1. Price Action: Price breaks above and falls back down to $35.7 and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
Long Trade Setup #1: False Breakdown
1. Price Action: Price breaks below the then rapidly climbs above $35.7, forming a bear trap
2. Trade Entry Confirmations: A breakdown candlestick followed by a reclaiming candlestick, above average volume on both breakdown candle and reclaiming candle, MACD bottoming
LINKBTC
Long Trade Setup #1: Breakout and Continuation
1. Price Action: Price breaks above and falls back down to 75.2K Sats and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
Long Trade Setup #1: False Breakdown
1. Price Action: Price breaks below the then rapidly climbs above 75.2K Sats, forming a bear trap
2. Trade Entry Confirmations: A breakdown candlestick followed by a reclaiming candlestick, above average volume on both breakdown candle and reclaiming candle, MACD bottoming
About Me
I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016.
I have worked on Wall Street trading bonds, stocks, and options.
I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward.
Why Follow Me
Daily analysis on the latest market movements and price zones for high probability trade setups.
Sharing of live trades that I take.
A great place to help each other, learn from each other, and grow together.
Trading education including a comprehensive cryptocurrency trading eBook, personal advice, and other educational materials
Constantly testing and adding new trading strategies and refining battle-tested ones.
DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I will not be responsible for any actions you take based on the analysis and comments that I provide. I am simply sharing what I am doing, and is not meant to be investment or trading advice. What you choose to do with the information that I provide is your own sole responsibility! The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
Please support me by liking and following, and sharing your ideas and analysis in the comments! Thanks!
Link ready to flyLooking for Link to provide similar returns as Eth did during the 2-16-2017 bull run.
Many Link holders are currently feeling the pain as Link has been decimated in sats... but when we look to Eth/BTC chart of 2016 leading up to the first week in 2017 ETH was down nearly the exact same percentage against btc as LINK is today.
I think we all know what ETH did next...
Some may think "well the supply of LINK is way too high to hit 1.4k as ETH did, right?"
The fully diluted supply of Link is ROUGHLY 10x that of ETH yes, but I contest this point with the thought that the total market cap of crypto also has the potential to 10x...
therefore LINK tokens can reach the same price as ETH did during 2017 even if its fully diluted supply of 10x Eth is taken into account rather easily...
LINK wants to go higherLINK/BTC clearly shows signs of strength for me. I am still learning a lot, but we can see a crucial resistance was broken, then pushed back, but now we are above it again. I also see a new upper trendline to be validated, so I am very optimistic. I am planning to long on LINK anyways, but as I learn more and more about it, I am getting more and more confident for the value of it.
Any feedbacks are more then welcome, looking forward to pick up more knowledge!
MAJOR BULLISH SIGNAL IN LINK/BTC HASH RIBBONS BUY TARGET $100I can't believe I didn't catch this earlier but this Hash Ribbons signal printed a massively bullish signal in LINK on Jan 14th. The last time this occurred was June 24th where LINK/BTC pair rose 225% over 54 days.
If a similar move were to occur, this would put LINK near $100 USD using BTC price of $50k. This would coincide with my March timeline I've been speaking about for a triple digit LINK.
With nearly 60% of the entire supply of LINK locked up in nodes and rising every day, I fully believe we will repeat the most recent Hash Ribbons Buy signal performance.
LINKThe USD pairs have been strong so I am thinking the BTC pairs have been lagging and need to catch up,. BTC.D has a big move incoming so obviously LINK & all the ALTS will most likely suffer when BTC.D decides to break up and form the right shoulder on the gigantic H&S pattern forming on the daily. (attached my most recent Dom chart for you guys as well)
So either BTC.D pushes up to 65-67% and carries BTC up to $57k (most likely)
Or BTC.D has the same move but brings BTC down to $42k zone.
In either scenario alts will do bad but the 1st scenario would be ideal. Here is why, after the pump in BTC to $57k yes alts will underperform but they won't be wrecked like in my 2nd scenario.
And then the shoulder would form and BTC.D would dump sending all of our Altcoin bags to Valhalla. I mean we would have an altseason at $57k & then I will simply use the BTC pairs to know when to sell my USD pairs.
$57k would be the 2.618 on BTC fib extension from the march lows to the 2017 highs $19500ish. So Altseason should bring our coins up to the same levels (at least) which would be insane b c they r lagging.
The 2.618 Fib extension on LINK vs BTC at $57k puts link at $255.
So just holding for this TP makes sense to me & it could happen quickly or could take 6 month, IDK but it is coming.
Chainlink will continue higher.Hello Investors and Traders,
Chainlink in the USD valuation recently broke a strong resistance around 30$. You can't really tell what the next resistance level might be for Link since it is in price discovery. But if you take a look at the LINKBTC pair. You will see there is a strong resistance coming up in about 50%. Taking that into account, Chainlink should be reaching around $45-$50 before it find some resistance.
Let me know what you think.
$LINK is trending What a beautiful week to pass. now it's chainLink's Turn to take off! the price had squeezed properly and it broke out of the upper line which is a robust S/R zone. Now the Link is pulling back to retest the breakout zone and continue its way through the target. Link is ready to BOOM!
LINK/USD to $40 LINK/USD pushing to record highs and continuing to follow the trend line nicely. Pushing up to the mid 30's short term and testing psychological resistance at $40 in the short/mid term. Resistance at $31 along the pitchfork indicates a healthy consolidation along the trend line, but don't get spooked if tests support in the $24-26 range. Use the opportunity to take profits and reestablish your position for the next leg up.
This is not financial advice and not intended to be used for investment purposes.
CHAINLINK JOINS UNITED NATIONSYes LINK is not a scam anymore. I always thought LINK was hyped and troll altcoin which will dump on their moonboyz it had no value but dear god i was wrong. Tell me which crypto that is backed by UNITED NATIONS??? not even daddy bitcoin and mom ethereum. Link can possible be the top 3 altcoin for good. First there was bitcoin the first cryptocurrency then came Ethereum the first dapps/defi...then the first oracle next gen Chainlink.
BUY LINK NOW SUB 100$
CHAINLINK - ONE SMALL PULL BACK BEFORE RUN!Let me know your thought?
We could definitely see a pullback to $21-20 support range before heading back up over $30, the 4hr and daily indicate a potential drop similar to what we have seen in many of the altcoins in the last 12 hrs.
Will it drop ? not 100% but what I am sure on is that the long term price direction for chainlink is up if you're looking for a good time to buy I would hold off for a few more hours to a day to see if it will indeed drop a little lower first.
''Buy Big Sell BIGGER'' -MegaWhale