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LINKBTC trade ideas

Linkbtc - short to medium termLink formed a nice double bottom the last time it was in this area that then created a strong push up. We've since seen it form a bit of a flag on this daily retracement which seems to have found a bottom at the resistance turned support of the double bottom. Risky entry -- at the daily support that it's sitting now. The stop would have to be under the channel Safer entry -- a break and retest of the descending triangle as it shows buyers are officially in control. A descending triangle carries an inherently bearish bias since it's creating lower highs. However, where and how it forms needs to be taking into consideration. Meaning, if it forms as part of a downtrend it's most certainly bearish. BUT if it forms as a part of an overall uptrend / flag it can go either way. I'm not interested in a short on this as the target sucks. However, the long targets are great imo.
Long
by chaser012001
1
Crypto|LINK/BTC|LongLong LINK/BTC Activation of the transaction only when the blue zone is fixed/broken. The author recommends the use of anchoring fixed the blue zone, this variation is less risky. If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at the prices behind the activation zone. The idea is to work out the resistance level . * Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the idea according to your data, but without the support of the author. + Maybe right now we will go even lower, then it's okay, the idea is not activated and simply canceled. + ! - zone highlighted by the ellipse is a zone of increased resistance, in this area there is a possible reversal for a correction, please take this factor into account in this transaction. The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %. Blue zones - activation zones. Green zones - take zones. The red zone - stop zone. Working out the stop when the price returns to the level after activation + fixing in the red zone. Orange arrow - the direction of take. Black arrow - neutral scenario without activating the trade. The red arrow - the direction of the stop. SUM PNL: This parameter displays the total % of all closed ideas of the "new" format (according to the author) for this sector at the time of publication of the idea. The calculation is very "clumsy" just the sum of the profits of all the ideas, based on this indicator, you can more accurately assess the risks when working with my ideas of this sector. I present you the construction of the idea, you can use it yourself as you like based on your subjective view and risks, the calculation of the PNL indicator is carried out only on transactions that the author closed on TV in manual mode or by take. P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.
Long
by Henry_Ross
18
🔥 LINKBTC 🔥 +50%What is LINK (Chainlink)? Chainlink is a cryptocurrency aiming to incentivize a global network of computers to provide reliable, real-world data to smart contracts running on top of blockchains. If you’re unfamiliar, smart contracts are agreements programmed to execute if and when certain conditions are met. To date, smart contracts have been used for everything from creating novel crypto-financial products to developing new crypto assets. However, an issue that has persisted is that most smart contracts need to rely on some kind of external data source to properly execute their terms. For example, smart contracts seeking to replicate bonds or insurance agreements may need access to APIs reporting on market prices or Internet of Things data. Chainlink was created to address this issue by incentivizing data providers (called “oracles”) to act as a bridge between blockchain smart contracts and external data sources. Every oracle within the Chainlink network is incentivized to provide accurate data since a reputation score is assigned to each. Further, when nodes follow the software’s rules and provide useful data, they are rewarded in Chainlink’s cryptocurrency, LINK. Arriving amid a crowded field of projects in 2017, the Chainlink team has so far been able to deliver on its vision, expanding efforts beyond Ethereum (ETH) amid a surge in market activity. As of 2020, Chainlink is seeking to support all blockchain-based smart contract networks. Users seeking to stay connected on the current development status of Chainlink can follow its official project tracker for up-to-date details. ** Do your own research And... never forget... "Buy low, Sell High"!!! See you Tomorrow!! Miguel
Long
by MiguelFTCurado
A Swan Song for LINK MarinesAn ultra-long time frame analysis for LINK/BTC: “I bought an altcoin in November 2017 and I was up by 92x on my buy price in August 2020. I am up by 28.3x on my buy price in March 2021.” If someone told you this to you, you would think it was a joke given the brutal retrace most alts saw over 2018 – 2020. During this period, XTZ and LINK were two altcoins that created the next generation of moonboys who would tell you ETH doesn’t scale and shill you some DeFi coin. Going forward here is a contrarian view: LINK outperformed most alts spectacularly during the bear market. Charting on weekly timeframe suggests that LINK will underperform most defi alts in a spectacular manner during the bull market. Features of the chart: 1. Bullish TK cross in November 2018, Bearish TK cross in Jan 2021: Suggests the major rally is OVER. What remains is potential “sucker’s rally” for Marines to believe in. 2. During the bull run, price bounced on Kijun and Tenkan several times. Any break below Kijun was quickly recovered without affecting the long term trend (no bearish T-K cross) 3. VPVR suggests most of the accumulation occurred below 12000 sats. 4. Volume has gone down over the long term. Forecasts: After such a strong long term move, expectation of a strong bull run is unrealistic. Still as a level headed person here are two scenarios. The bearish/neutral case is more likely: 1. Bullish case: Price reverts back to tenkan, uses that as support and approaches the cloud. The Kijun here is flat, so is the cloud. MASSIVE resistance. This should be the long term target ~ a 2x. A potential bull div on the RSI will need to occur. The question is: are you better off taking a trade elsewhere? I wouldn’t expect price to break through this unless the old marines recruit new marines and concentrate all the liquidity in LINK. With so many DeFi plays coming up, liquidity will get more and more dispersed. 2. Bearish case: Tenkan acts as resistance and we form a massive descending triangle. Break down to about 30k sats. This may occur if the LINK team and advisors continue to dump millions of LINK on the market. Make no mistake, they have plenty left in their tanks. EVEN in my bearish case, you would be up about 18x if you bought in Nov 2017. Still a positive outcome that hodlers of other alts would be grateful for today.
Short
by brotoshee
Beginning of HBAR vs LINK (BTC pairings)HBAR and LINK are behaving very similarly during the first year and a half of their respective launches, I expect this to continue in some similar fashion with HBAR. The ratio of movement is a bit more exaggerated with HBAR than LINK did vs BTC, but the patterns share similarities. Here's what it might look like should this similarity continue. Previously I had an idea that HBAR was following 2017-18 LTC (versus USD pair), that has also continued to play out rather similarly. Check out the LTC ideas below: Updated LTC comparison: Original LTC comparison: Please share your thoughts, comments and ideas, and thank you so much for listening! Best of luck with your charting and trading! :)
Long
by dudebruhwhoa
6
Chainlink (Link) formed big Gartley for upto 62% rallyHi dear patrons, hope you are well and welcome to the new update on Chainlilnk token with Bitcoin pair. There is also 100 simple moving average support in the buying zone. On the weekly time period chart, the price action of LINK has completed the formation of another bullish harmonic Gartley pattern. This trade has a profit possibility up to 62% and the loss possibility is 15%. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Long
by moon333
LINK/BTC Bull Flag Breakout PT ~$65LINK's recent bullish news from Grayscale is creating a significant confluence of forces inside a bull flag structure. Once this structure breaks out to upside, it is headed to $65 and from there we could see continuation patterns to upside as institutions begin to take notice of one of the more fundamentally undervalued projects in the entire crypto space with the highest network adoption. Buying LINK here offers significant upside risk-adjusted returns that are unparalleled in the crypto space atm by any other project. Invest wisely and please do not use leverage as you will get rekt.
Long
by ich1baN
6