LINKBTCwhen is enough, trying a short straddle here. Already pulled back 50% from previous move. Ideally a retest of the breakout level would be the preference.
both long and short here, let's see which side works out.
LINKBTC trade ideas
#LINKBTC: retrace to 55K sat or last leg up to 130K sat first?$LINKBTC on the verge of breaking a bullish wedge/descending triangle and defining the trend to come for the coming month. (3D chart)
Since we are in a highly bullish momentum (RSI reached 80 on the weekly, almost 88 on the 3D chart), it is still possible that it first breaks up from the bullish wedge pattern that it is forming right now (but the pattern is forming a descending triangle on the USDT pair), up to around 0,0013BTC and then probably generate a bearish divergence before retracing down (green scenario).
Or it simply continues breaking down from the pattern and goes straight testing the last resistance at around 0,00055 BTC, to claim it as a support in the coming weeks. (red scenario). I am favouring this scenario, we will know more once it breaks up or down the bullish wedge/descending triangle pattern.
LINK.BTC (Y20.P3.E3).TA on the Macro structureHi,
:::::::::::::::: LINK/BTC :::::::::: This is an updated reviewed TA from the of the previous LINK.BTC post, link below ::::::::::::::::
This chart gives a graphical account or explanation on the structure so far where we noted the howg fib. levels come into play and make sense. Therefore I will add some short commentary to what I have taken from this.
Observation:
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> Note how I have a number of fib. sections on the left of the chart and how I used them which basically indicated from the top of each impulse we have a retraction to the 0.618 fib retracement level;
> The blue arrows summarize the impulse moves from top to the support\retracement level (to 0.618)
> Note how the gradient of each cycle, bottom line, is increasing in steepness (trend-line);
> Note at a few areas, we have contraction\squeeze at the bottom trend-line, indicating another big move to come, represented by the green triangles;
> Note the blue thin line (main resistance level) representing the top of each phase as a ascending triangle.
> Some fractal's taking place;
> Obvious one is that the trend upwards is maintained and is a beautiful healthy structure to keep going, likely;
> The arc dotted lines are associated with fib circles which makes sense since we have a fib. level structure in price action;
My Thoughts:
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From here I have 2 scenarios;
scenario 1: we have made the top in this impulse and will have a pullback to the previous top level as depicted on the chart;
scenario 2: we have not made the top in this impulse and we can go slightly higher to the red section, which will make the precious top level equal to the 0.618 retracement;
This is represented by the red arrows at the top of the chart, or possibly higher.
For now, I'm using the 8 HRLY or 12 HRLY to trade within this structure but reserve most of my funds to the orange level either way.
How to trade this?
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I have jump in at 0.382 level as my WT indicator plus the bullish candle has given me the signal and I'm not sure if its going to play out as per this post or as the red arrows (scenario 2) indicate.
I don't think it will go higher but either way, I'll sell when I feel the top is there.
Below are some screen shots some from a few hours ago.
Please give me a like or tick for this effort.
Thanks,
S.Sari
Reason I bought in:
Reason for scenario 2, refer to the red fib. levels on the right side of the chart
My previous version of the structure
fib div & macd & moving 200 Hello friends
In the picture, you can see the price reaction with Fibonacci. The growth of the price is quite clear.
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The future of the best performing alt in cryptocurrencyIgnore tranny fud.
Technicals reflect fundamentals.
IMPORTANT Chainlink mindblowing parabolic moveChainlink is unquestionably the most important project in crypto right now. More important then even bitcoin in it's world changing significance. Chainlink is like the invention of the internet, it will herald the 4th industrial revolution and will automate industries that people once thought were safe from automation.
Expect major fud to be released by the chinese and the jews who want to suppress the price and buy up the cheap linkies.
Never sell a link and if you want to be one of the new elites have 10000 Chainlink tokens whilst it is still possible to obtain such a amount.
1000 Chainlink tokens is the minimum for a suicide stack, anyless and you will probably feel pain everyday knowing that you missed your one and only chance to make it.
Never sell a link.
Down Down DownDown for the following reasons
-Reached top of channel
-TD sequential hit a 9 on the weekly
-MacD crossed bearish on the daily
LINK making rising wedge patternLINK is making higher highs and higher lows after being rejected from a weekly support level, making a rising wedge pattern.
Usually, Rising wedge pattern indicates a bear movement.
But here in this chart as you can see, the candles in between the two trend lines are respecting the support and resistance of trend lines.
Link is right now at a very crucial stage, as it is below the daily resistance level. It has to break the daily level in order to continue the rising wedge pattern.
Volume as I mentioned in the chart, is decreasing but the movement is upward rising, indication a VOLUME DIVERGENCE. (Bearish Move ahead).
Volume has to increase in order to break the daily level.
82239 is the daily resistance level, it must be broken then next move would be to test the resistance at 85036.
If you want to long, wait for candle to form above daily level, then move could become bullish up to 85036.
I have described both the situations. Now it's up to you to decide.
I don't create FOMO's. I Just try to give you the clear picture so that trading decision becomes easy for you.
I only make these charts for educational purposes. I am not earning anything, FREE TA.
Good Luck.
LINKBTC Should we rush to LINK already?This is a simple chart and food for thought for those who want to rush on to the LINK wagon. You all know I've been a big LINK fan for a few year now and I've been posting my expectations including those below:
This study is attempting to put the question above into perspective using the behavioral pattern after ATH and the RSI fluctuation.
As you see on the chart, every time LINKBTC makes an All Time High (ATH), the price pulls back below the previous ATH touches (some times marginally breaks) the 1D MA200 and then rebounds to make new ATH. The sequence has been repeated several times since 2018, solid enough to make it a reliable pattern.
On top of that, those MA200 bottoms, have coincided with bottoms on the RSI. As you see there is a clear Buy Zone.
Take advantage of the above factors and jump on the wagon on time for the most optimal risk/reward ratio.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
LINK big bounce, Bullish RSI Divergence + Fib Retracement HitLink forming a pretty clear Bullish divergence on the 1 & 2H charts as well as almost perfectly hitting its fib retracement target. Coupled with LINK literally being the most bullish chart in crypto, you gotta be a lil slow to not buy target a long here.
selby_exchange - LINKXBT - Selby Chainlink Price Forecast - .001LINKXBT price/time call
0.00100985
2020-07-25 13:00
Selby finding creative patterns in charts on Tradingview
Not advice for investing, but I am one to watch
Rebellion=Change=Future
ChainLinkLINKBTC It looks like the top of the entire cycle of this incredibly successful project, now we will be looking for support, which we will not find soon.
Best regards EXCAVO
