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LINKBTC trade ideas

LINKBTC - Game Over for LINK ? Breaking down critical support!- Link is turning bearish on the weekly time frame, i would sell LINK - This trend line established in 2019 is breaking down - Head and Shoulder bearish reversal pattern (H & S) - RSI trend line is also breaking down on the weekly time frame - The price is below 20 moving average and below 2 important trend lines If you want more of these ideas, hit the like button and follow me, so you don't miss any update! Also, check my signature down below ↓
Short
by UnknownUnicorn2537518
8
LINK.BTC (Y20.P5.E1).Stalking this levelHi All, This post intention is like the previous post I did with ETH BTC pairing, to work out when will it be time to flip to the ALTs. By getting a few samples, one should be able to ascertain how close we are to that scenario, while BTC ranges between high 18K to high 19k. And just like the previous ALT season, towards the end of BTC final big move, the ALTs pretty much hit their targets and if I recollect, BTC dropped from 12 K to 10 K. Not surprising because when we flip to the ALTs, it takes volume and momentum away from BTC. Its possible we will have this repeat. For now, looking at the weekly LINK BTC pairing chart, with log settings turned off, we can see the price is approaching the 0.618 retracement or the 0.318 fib level. I have confidence there will be a bullish divergence in the making on the weekly and the Phoeix indicator is showing this. As for the other indicators, we have the histogram on the MACD and we have the Stochastic hitting bottom, all showing signs that the fib level could be it. Is it time now, no!,,, Is it time to start accumulating from some of those dips.... I think so. I know I am. On the 3 Day chart, we can see bullish div. with the MACD. We can also see the Red RSI on the Phoeix starting to curve upwards. All the best, S.SAri
by ssari
2
LINKBTC - Old chart I drew weeks ago - where are we now?This is an old LINK chart that I drew weeks ago: * Targeting the purple line as a decision point for the current trend * Price has largely followed the direction I anticipated so far, still targeting this level * Once it reaches this level I'd be looking at getting in with a tight stop. LINK is not to be underestimated. When the normies enter the market this has word of mouth, rabid community (that idiot crypto friend in the office), tenure and also a bit of DeFi gold dust. And, you can buy it fairly easily. An obvious DeFi 'major' to build a position in for 2021. DCA in to get a decent average buy price.
Long
by theponzimaster
1
LINKBTC - this is the make or break momentWill history repeat itself? Will chainlink continue to grow exponentially to bitcoin in the coming months? Impossible to say. Chainlink was introduced at the very end of the last bull market - we never got to see it truly perform in the last cycle. However, as we've seen, LINK has grown exponentially to BTC during the latest bear market - increasing an absurd 12,000%+ from the Dec '17 low to the DeFi bubble high this past August '20. Trends are our friends, until they end. And this trend is about to be tested. The current price action from the peak of Aug '20 to Dec '20 looks eerily similar to what we saw in the summer of 2019. Almost the same % gains and losses from troughs, to peaks, and back to potentially the next trough. Obviously, this depends a lot on what bitcoin does. I posted recently about BTC, which you can check out here: Would love to hear what you guys think! Good luck
by harambepay
Chainlink getting very intersting again LINKBTC getting very interesting again. You may ask why key point! 😊 - Chainlink has been bouncing on 50 Weekly MA ever Since April 29, 2019 - Trendline intact from 29 April 2019 until now every time we get a big run. Price always Tend to come back and test the trend line. - July 30 2018 ChainLink Bullrun started and RSI weekly never been below 44.87 every time it came down and touch look what happens with the price. - We have TD Sequential count on sell 7 so coming 3 weeks should be very interesting - Stouch RSI about to flip Positive.. on weekly which is big deal. Everytime Stoch touch 2.36 point look what happen next to the price. Scenario 1: Price keeps the bull trend and we continue with uptrend which I also expect. So I would recommend buying below 0,0072 sat and hold Target on the chart. If u wanna play safe wait for positive flip on stoch RSI weekly, Ifish smooth flip green and RSI bounce. Scenario 2: Price break the trend and close below 50MA weekly ur next buy target would 0,00050k sat which is 200 weekly MA And exit target would be 0,00070k area. Break above 0.00070k sat again = back to bull mode!! rejection would lead long bear market. Highly unlikely scenario
by CryptoUltron
2
LINK - Bullish potential Another alt coin I believe has a bullish big potential against BTC is LINK. Pair looks good, trying to overcome resistance at 0.00098 BTC, and if succeded LINK will fly much higher to 0.001 BTC and $20 / coin. It would be possible ofc if ETH continues its bull-run (that so far I have no doubt given the launch of ETH 2.0 ahead). Information is just for educational purposes, never financial advice. Always do your own research. Hit the "LIKE" button and follow to support, thanks!
Long
by Bitduke