LINKBTC trade ideas
LINK/BTC CORRECTION/SHAKEOUT #LINK #CHAINLINK $link #bitcoinLINK/BTC SHAKEOUT
Although im not selling ANY link as im super bullish against usd long term ,im always looking for good opportunities.
Here are two correction points ill be looking to add to my stack.
Can LINK recover ???Hello everyone ! BTC seems to take its domination back from alts. After the beginning of the year money started to flow alt coins. However, that rising trend not broken for LINK, in the chart white line. It comes from MAY 2019 and it is very significant. If BTC rise again, alts can recover a bit but selling pressure can come, for LINK it is blue one first resistance on the chart and orange one the second resistance. Have a nice one !
Link /BTC ---- Nothing has changed on a weeekly scale . We have experiences a giant capitulation. I went all in into the the dip. We may get one more change to byu cheap link. I dont see it that way a long time. Do not worry. Link is going to reward your patience.
ChainLink LINKBTC bidding zoneChainLink is one of the Alts that’s fundamentally very strong yet has been hibernating for so long in a consolidation stage. If I’m to bid for this pair, I’d do so at the blue line.
Do you agree with my entry target? Feel free to share yours.
LINKBTC Potential to Drop Near TermIn the 2d and 3d timeframes, the LINKBTC pair looks quite overextended. Especially in the 3d where the Green Line is significantly higher than the White Energy, and the Blue LSMA at close to the 100 level. This usually results in a sharp fall of the Green Line to the 50 level which may happen anytime.
In the 2d timeframe, the Green Line has also turned down and crossed the Red RSI, indicating downward pressure. The Blue LSMA is also at a high level, indicating that a pullback may soon occur.
The first support for this pullback should be the 2d Yellow Basis, currently around 0.00075. If we fall further, then the next support will be the 3d Yellow Basis, currently at 0.00069. Take note that since this is the near term timeframe, the pullback may take some time to occur. The Yellow Basis value will also increase as new candles form. My estimate is a pullback to 0.0008 minimum, corresponding to the Green Trendline of my Pitchfork.
Prepare for LiftoffLINKBTC looks ready to move up. LINK held on very well during the recent BTC dip.
We're about to see a 100/200 MA bullish cross on the Daily timeframe coming out of a nice bull flag.
as Ethereum moves it creates potential for ChainlinkLINK is showing room for huge improvement. I am still waiting for the day when these useless projects lose all support and money is used to support real projects instead of just pump N dumping. We aren't in that mindset yet but right now BTC is losing some dominance and Ethereum is snatching it up. Which in turn is opportunity for good ERC20 coins to grab traction as well. LINK is great because the more Ethereum network is used the more smart contracts will be needed. Which puts LINK at a good buy fundamentally. LInk's trend lines are pretty stable for an altcoin and is currently on a bull run, with every other coin on the market. I think LINK has higher potential than most and can easily make it a 50B market cap.
It still may take some time for BTC to really give up some of its dominance but for the nearer future I believe LINK can break my two heavy resistance lines and turn them into supports.
LINK BTC TradeLooking to enter off the previous support line.
Very strong level of support on LINKs previous history.
Aligns with the 61.8% fib on majority of the whole move.
Great market structure - HH and HLs
LINK/BTC noob-chartI’m the noobest of them all, I dont like too many lines and this is just a drawing and not an analysis.
I panic-bought this, so I have to think bullish or I’ll just die.
Looking good for LINK?This is one of my first charts so I hope I am doing it right.
It seems LINK is acting good on the support line and moves its way up to the higher line :)
LINK/BTC consolidating and looking to break upwardsLooking for link to test top part of triangle. Look to long when there's a clean break.
