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ChainLink / Bitcoin

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LINKBTC trade ideas

Chainlink vs BitcoinThe above 4-day chart printed a warning with yesterday’s candle. Following an amazing 6000% rise against BTC and overbought condition (green column)... there is now a bearish head and shoulders reversal pattern. Ideally price action will now rise to confirm resistance on previous support (orange line). During July we saw bulls push through resistance to enter the mania phase followed by a ‘blow off top’. A blow off top follows a strong rally with falling volume, which is what we have now. The weekly chart below has price action falling through the 21-ENA (yellow). Although the 50-week EMA (green) may offer some support, we’ll have to wait and see. RSI 52 on the weekly is an important level for Chainlink, every time we cross to the downside price action falls. Circled in black we can see RSI is crossing down. This is certainly a bearish outlook for the near term. Facts: 1) Price action broke through the 21-week EMA. 2) Price action then confirmed the 21-week EMA as resistance. 3) Weekly RSI breaks support. Target? I’m expecting a 70% correction to 0.00022 sats Weekly chart with RSI crossing below 52
Short
by without_worries
2
A Look At Oracle Protocols Huge Upside PotentialHere a look at Chainlink (LINK), Universal Market Access (UMA) and WINkLink (WIN) in comparison to BTC and as a type of blockchain protocol. Overall the oracle protocols have heavily retraced about 80%-95% and it appears they are ready to explode again. Assuming Bitcoin will kick off heresoon the final leg of its bull cycle these altcoins have great potential to gain market cap and price. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
Long
by CarpeMomentum
7
LINKBTC - CRUCIAL Decision PointCan LINK retake the former support level at 0.00036 BTC and find its way back to the top of the channel and beyond? Or is this retesting the support flipped resistance before a momentous drop? The next week should tell us clearly. If it retakes support, it's bound for .00055 BTC + If it falls below around .00032 from here, time to cut losses if you've been holding waiting for Chainlink to wake up like so many of us. Personally I will cut my stack by 80% if it falls below .00032. Good luck and enjoy.
by funtimes
LINKBTC - close to the bottomLINKBTC is near the tip of a falling wedge which have a bullish bias and it's very close to the daily 200 SMA. We can see bullish divergence on almost all timeframes and the 23500 - 25000 range is a zone of major support. The parabola for LINK/BTC is still intact and it's very close to it. This all points to a reversal in the near future and looks like a great zone to accumulate for long-term positions. Let me know what you think and best of luck with your trades!
Long
by Wolfy_
2
LINKBTCHello Crypto Lovers, Mars Signals team wishes you high profits. We are in the 4-hour time frame. The price had a rise and then fall forming the H&S pattern. The price was rejected at the R1 line which is the resistance created. S1 is the support area. We expect it to be supported at this area and break the R1 resistance. If this happens, the price can move up to the R2 area. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
by MarsSignals
LINK (ChainLink) Weekly Trade Follow Up. BINANCE:LINKBTC has lost the gains it has made on the first half of January. We are now retesting the 4-year long trendline that has held as strong support after reversing off of the 0.236 Fib line above. We did anticipate such a move in preparation for higher highs. However, we haven't yet gotten confirmation that LINK will not break below the strong support. The current weekly candle is only one day old. Zooming in to the daily, we don't see signs of reversal either. It is crucial to see a bullish pin bar (hammer candle) before setting up for re-entry. The stop loss will be just below the 3600 Satoshi support line. Breaking that line signals that LINK is too weak to surpass the recent high of 0.236 Fib. Current market volatility makes this trade risker than usual. Therefore, lower capital should be allocated on it. The reason is that I would not be surprised if during this week, price breaks below 3600 Satoshi and rebounds back to 4500 Satoshi above the rising trendline. Summary: If you're not holding a position in LINK, then wait for reversal signal. If you are holding a position, then set a generous stop loss below 3600 Satoshi and reduce your position such that the loss is manageable. You can always re-enter this trade after we see reversal. Remember that our target is at 16k Satoshi in May or July. It's better to enter with more confidence even if you waste the perfect entry. Good luck
Long
by TechNerdOmar
LINKBTCMarket Sentiment Monthly: Bearish Weekly: Bearish Daily: Bearish 2H-4H: Heading toward resistance LTF: Heading toward support Notes $LINK is bearish across HTF. I'm mainly looking for shorts on this coin but we can trade either way depending on BTC PA. I would not hold this on spot until break of bearish market structure on the daily Check BTC Pair General Guide: 1.) Anything above price is a resistance, anything below is support. 2.) Proceed with caution when taking a trade based off of this chart. 3.) Make a copy of it to watch it in real-time. Click the share button, then "Make it Mine" 4.) It is very risky to set limit orders, I advise you to set alarms and when it hits, check how it reacts. 5.) Watch the BTC pair closely as price will generally follow that pair. 6.) Base your trade off market sentiment
by warudo_
LINKBTC : LINK ready to test $65 and enter TOP 10 Market Cap ?Link has been showing strength lately. Positive price action so i thought id take a look against the Bitcoin. Link showing lovely structure here. It has turned a resistance in to a support which is bullish . Now is just needs to hold above the 100MA. If all goes well we will see Link gain much value against BTC. If Link makes it to previous high, Link will be $65. This brings the market cap to $31,000,000,000 (billion) which will be good enough to enter the top 10 of coin market caps, as it stands. What are your thoughts?
by Highest_High
$LINK/BTC 3D (#BinanceSpot) Falling wedge breakout and retestChainLink has pulled back to 50MA support where we expect it to bounce and resume bullish mid/long-term. chain.link smartcontract.com Current Price= 0.0005195 Buy Entry = 0.0005207 - 0.0004873 Take Profit= 0.0006337 | 0.0007641 | 0.0009214 Stop Loss= 0.0004173 Risk/Reward= 1:1.5 | 1:3 | 1:4.81 Expected Profit= +25.73% | +51.61% | +82.82% Possible Loss= -17.20% Fib. Retracement= 0.382 | 0.5 | 0.618 Margin Leverage= 1x Estimated Gain-time= 7.5 months
Long
by TradingOn
1
Link about to breakoutChainlink is just weeks away from a breakout. We are in an almost identical pattern to 2018 and what followed was a 2 year 4200% gain against bitcoin. Not to say this will repeat exactly the same but it's certainly time to look for link to start making some large moves. However, I wouldn't be surprised over the next week or two if price dips another 10% or so to around .00052. I would look for confirmation above the downward sloping trendline, with that being said this trendline has already been breached on a linear scale. In terms of fundamentals, chainlink has grown its network integrations and partnerships exponentially in 2021 while price has gone essentially sideways. It appears 2022 will be the year of Link.
Long
by kg_sol
1