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ChainLink / Bitcoin

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LINKBTC trade ideas

Chainlink: 3 Bullish Signs ExplainedIn this idea i will briefly describe 3 reasons why I believe Chainlink (LINK:BTC) has a high probability of increasing in value from here based on Technical Analysis. --------------------------------------------------- 1. Bull Flag Click the below image for a educational idea on the Bull Flag Pattern. Bull Flags are one of the most widely recognised and used chart patterns with a high success rate: and Chainlink has a rather large example of one on the larger time frame charts. Click above image for further educaiton. --------------------------------------------------- 2. Reclaiming Trendline Click the below images to see two other examples of Diagonal Support & Resistance in action. It takes 2 touches to draw a Diagonal Trendline and 3 to confirm, in image #2 we can clearly see the price is trying to get back above the previous Diagonal Trendline (Support) marked in green arrows which is a great sign. If the price failed to get above this area then it would be a potential warning sign. As you can see in the two above examples usually when price pierces through a trendline it can head in that particular direction. --------------------------------------------------- 3. Beginning a new market phase Click the below image for a educational idea explaining Market Phases & Cycles, one of the most important things you will learn in your career. "All financial markets go through the same phases and are cyclical. They rise, top out, drop, and then bottom out. When one market cycle is finished, another begins." ChainLink looks like a great example of a Full Cycle completed a ready to begin its new one. A little more upside here and we have confirmation of the Mark Up Phase. (See above image for further understanding). ------------------------------------------------- I hope you enjoyed the idea and found it insightful, if you did you can show your appreciation by Liking & Commenting, thank you! You can see the idea linked below for my last successfull trade idea on Chainlink.
Long
by Worth_The_Ri5k
5
LINKBTC is testing the weekly resistance 🦐LINKBTC is testing the weekly resistance inside a descending channel. IF the price will have a breakout upward, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
6
Link will rise higher. Give it some more days!Hey guys, today we are taking a look into Chainlink. First you must admit, if you follow some traders on twitter; #chain has a verry strong and loyal community. A lot of traders are looking for the 50$ range as an emotional target. What does the chart say? Currently we are at my MA resistance and also we have bullish crossing buy signal on my MACD. I would wait for a retest, bc of the clear resistance at the moment and the gains from the last days. We are unsure about the next big market move, so be prepared with more then one buy orders. --- Follow me for daily updates :)
Long
by wallet_trading
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.
by IvanYG