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LINKBTC trade ideas

Chainlink Is UndervaluedI tried to be as clear as I could with the takeaway message of this ratio chart. When you get to the top of the channel (red bubble), it's typically a great time to sell LINK and buy BTC. When price gets to the bottom of the channel (green bubble), it's typically a great time to sell BTC and buy LINK. Suffice to say, I am using some of my BTC profits to scale into COINBASE:LINKUSD . Chainlink is undervalued when compared to Bitcoin. The featured content is intended to be used for informational purposes only. Everything shared here is my own opinion. It is very important to do your own analysis before making any investment based on your own personal circumstances. Please subscribe to our channel if you like what you are seeing!
Long
by jstrasburger
1
Chainlink bullish scenario into 2022Explanation and Fundementals: Chainlink is a decentralized oracle network providing secure decentralized blockchain agnostic services to both public and private blockchains. The Chainlink network token is used to pay for jobs and as collateral for services on the network. Currently the network secures roughly the equivalent value as the LINK token market cap, providing some correlation between adoption of the network and price. This is due to the tokenomics of the coin as well as investor speculation. CEO of Chainlink, Sergery Nazarov has estimated that by the end of the year it is possible that the total amount invested in DeFi protocols will be close to a Trillion dollars. With Chainlink having a 90%+ dominance over the oracle market it could be fair to say that at a minimum half of that Trillion dollars would be secured by the Chainlink network. Expanding on the previous idea of correlation between value secured and market cap of the LINK token it could be possible that the market cap of LINK pushes half a Trillion dollars. Starting August 5th of 2021 is SmartCon #1. This will be the second Chainlink focused conference led and funded by the team at Chainlink. Last year the main takeaways were the creation of Chainlink Labs, a separate team from the Chainlink team purely focused on the highly technical problems of the software implementation. The team at Chainlink Labs is lead by Cheif Scientist Ari Juels, one of the co-authors of the original Chainlink 1.0 whitepaper which outlined the original implementation of the network. Along with the acquisition of Ari Juels as Chief Scientist of Chainlink Labs came the onboarding of a research project called DECO (chainlinkecosystem.com) which can be used to verify almost any piece of digital information about someone (Social Security #, Name, DOB, Age, etc) using zero knowledge proofs via Chainlink Oracles. During this process no party sees any information about you, eliminating almost all inherent security implications associated with such valuable personal data. With the advent of the second SmartCon it is rumored that the first version of "staking" will be released or published to the test network. Staking (technically explicit staking) is one of the most essential pieces to the protocol, as it implements crypto economic security which is vital to the decentralization and functionality of the network. Staking will require all partners and those who want to use the Chainlink network to purchase the LINK token in order to participate. It will also require them to put a stake onto the smart contracts they secure. A full technical wrap up of Chainlink's staking model is given the the Chainlink 2.0 whitepaper (research.chain.link). The speculation involved in this idea has SmartCon #1 being the catalyst for the crazy price action leading into the end of the year. This also means that it is very possible that LINK stays in accumulation leading up to August 2021. Price Analysis At the moment the crypto market as a whole is wishy washy. Online consensus is fairly split between bulls and bears (short and medium term). Long term outlook on most ends is bullish. Being that crypto speculators tend to have very poor judgement in price, it would be possible to say that crypto is actually bullish short-medium term, possibly aligning into a blow off top going into 2022. This would coincide with a Bitcoin top in December (following the previous tops of Dec 2013 and Dec 2017 ). Extrapolating this Dec 2021-Jan 2022 top theory, it could be suggested that Bitcoin tops out at $200k, giving half the return of the prior cycle in terms of percentage gain. With a $200k Bitcoin, and Chainlink valued around ~ .005 BTC it could be suggested that Chainlink would have a value around $1000 in USD. The horizontal and vertical lines are used to mark the cycles Chainlink has gone through so far. In my opinion there has really only been one cycle so far (Aug 2017 - Aug 2020) with the newest cycle only just starting. Chainlink has a history of repeating prior price action but in a compressed manner (reference the commonly painted W prior to a large move). With the first cycle lasting ~1000 days I estimated that this current one would last around ~500 days (about ~450 in this model).
Long
by chodenator
1
LINKBTCSetup for $LINK. It seems to hold pretty well last night while other alts went lower again. Retest of bottom #trend line, then up and need to break through upper trendline and retest that #resistance there between 68 and 70k before another upward is possible. If it cant hold bottom trendline, there is down movement towards mid 50s Again let me know your thoughts or ideas / critics , as im still learning and trying stuff on chart. Not always sure i use right tools etc.
by Revolutionist32
3
Chainlink: 3 Bullish Signs ExplainedIn this idea i will briefly describe 3 reasons why I believe Chainlink (LINK:BTC) has a high probability of increasing in value from here based on Technical Analysis. --------------------------------------------------- 1. Bull Flag Click the below image for a educational idea on the Bull Flag Pattern. Bull Flags are one of the most widely recognised and used chart patterns with a high success rate: and Chainlink has a rather large example of one on the larger time frame charts. Click above image for further educaiton. --------------------------------------------------- 2. Reclaiming Trendline Click the below images to see two other examples of Diagonal Support & Resistance in action. It takes 2 touches to draw a Diagonal Trendline and 3 to confirm, in image #2 we can clearly see the price is trying to get back above the previous Diagonal Trendline (Support) marked in green arrows which is a great sign. If the price failed to get above this area then it would be a potential warning sign. As you can see in the two above examples usually when price pierces through a trendline it can head in that particular direction. --------------------------------------------------- 3. Beginning a new market phase Click the below image for a educational idea explaining Market Phases & Cycles, one of the most important things you will learn in your career. "All financial markets go through the same phases and are cyclical. They rise, top out, drop, and then bottom out. When one market cycle is finished, another begins." ChainLink looks like a great example of a Full Cycle completed a ready to begin its new one. A little more upside here and we have confirmation of the Mark Up Phase. (See above image for further understanding). ------------------------------------------------- I hope you enjoyed the idea and found it insightful, if you did you can show your appreciation by Liking & Commenting, thank you! You can see the idea linked below for my last successfull trade idea on Chainlink.
Long
by Worth_The_Ri5k
5
LINKBTC is testing the weekly resistance 🦐LINKBTC is testing the weekly resistance inside a descending channel. IF the price will have a breakout upward, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
6
Link will rise higher. Give it some more days!Hey guys, today we are taking a look into Chainlink. First you must admit, if you follow some traders on twitter; #chain has a verry strong and loyal community. A lot of traders are looking for the 50$ range as an emotional target. What does the chart say? Currently we are at my MA resistance and also we have bullish crossing buy signal on my MACD. I would wait for a retest, bc of the clear resistance at the moment and the gains from the last days. We are unsure about the next big market move, so be prepared with more then one buy orders. --- Follow me for daily updates :)
Long
by wallet_trading