/biz/ - Business & Finance

CHAINLINK PRICE DISCUSSION THREAD

>LINK/BTC soon at 44k sats, after which it's smooth sailing all the way until 68k sats which would mean a quick 56% pump from here
>CCIP GA coming very soon
>Swift/DTCC experiments with CCIP advancing to production stage soon
>RWA tokenization advancing to production stage soon
>LINK/USD is currently very bullish, next resistance is at around 22 USD
>February is pretty much always a bullish month for LINK
>Quarterly returns for LINK are pretty much always hugely positive

What else? How high can we go? I'm expecting around $30 for the end of February, $80-200 for EOY

Bitcoin will probably go to the resistance at 44k.

>>57202764
It's going down as always to $42-$43k range. $44k is a fucking resistance.

it's called "btc doesn't want to break the $44k resistance until the etf is approved but it also doesn't want to dump" pattern

should I sell the resistance when we hit $44k?
or are we breaking it this time?

44k rejected with tungsten resistance. Bulls are absolutely flummoxed.
If your mumu and reading this don’t kill yourself, there’s more important things than money

>Sir btc just broke the 44k resistance

>>57014639
Did people actually not sell at the obvious 44k resistance?

This fucking shitcoin never moons. What a dissapointed. Waited half a year for btc to finally break up that 31k resistance. It finally did but alts did not do much. Then it seemed like the 38k one was the one that had to be broken. BTC breaks to 44k. It was finally the moment, BTC had to crab and lose its dominance. It was finally time for alt coins to rise. BTC was crabbing. BTC.D was starting to come down. Then it dumps and it's all up in the air. Also most of you are retarded. "Spammy" "Portal" what is this faggotry? I am glad i rarely post here. Most of you are losers.

>>/biz/?task=search&ghost=true&search_text=44k+resistance
>>/biz/thread/S56895701#p56895725
>>/biz/?task=search&ghost=true&search_text=2013+2022+support+resistance
>>/biz/thread/56901635#p56901680

Picrel. The yellow line visualizes the area the market traded as support for Bitcoin until September 2022. In September 2022 that support failed, and began to be traded as resistance. BTC recently went over 44k (44.72k Dec 8) which is roughly where the resistance is now. And now BTC was thrown the fuck down, after testing the resistance for a few days. Most of the market thought "It's not going to break through..." and sold. Hence the dump.

>>56901635
You were warned about the massive resistance above 44k which was traded as the support for nearly 10 years until it failed in September and since then has been traded against by the market as resistance. And yet you're now surprised. Huh?

44k is a rock solid, titanium infused, wall of unshakeable resistance
everyone knows this

>>56872588
There's nothing fake about the BTC chart. Stop crying. If you have a problem with the chart, then you have a problem with the market itself as the chart looks the way it does due to how the market has traded BTC; Bitcoin's price action, its candles, how they look, is a direct result of how the market has traded BTC. And the market does NOT care about your opinions or feelings.

Here's the current market situation. BTC is currently traded within this little wedge, which is inside the HUGE Rising Wedge which we recently had an educational thread about: https://archived.moe/biz/thread/56831656

BTC broke out a tiny bit above the Rising Wedge, an inherently bearish structure, and when such a breakout occurs above a Rising Wedge it's almost always a fakeout meaning the price dumps back into the wedge. Proper breakouts above Rising Wedges do occur, it's just exceptionally rare. The crabbing we're seeing now is possibly confirmation of this being a fakeout.

Interesting BTC stopped pumping, or slowed down significantly, for now at least, at the top of this tiny little wedge. If BTC crawls along right under the roof of this small wedge then by next week it will be 44k which is roughly where the main resistance is (the support from 2013 that failed in 2022 and since has been traded as resistance).

If BTC breaks out above this tiny wedge then it seems less likely this is a fakeout. Especially if it goes to 45k or so, to above the resistance and the market begins trading it as support again.

>>56872594
It's just a little wedge, within the HUGE Rising Wedge which we recently had an educational thread about: https://archived.moe/biz/thread/56831656

BTC broke out a tiny bit above the Rising Wedge, an inherently bearish structure, and when such a breakout occurs above a Rising Wedge it's almost always a fakeout meaning the price dumps back into the wedge. Proper breakouts above Rising Wedges do occur, it's just exceptionally rare. The crabbing we're seeing now is possibly confirmation of this being a fakeout.

Interesting BTC stopped pumping, or slowed down significantly, for now at least, at the top of this tiny little wedge. If BTC crawls along right under the roof of this small wedge then by next week it will be 44k which is roughly where the main resistance is (the support from 2013 that failed in 2022 and since has been traded as resistance).

If BTC breaks out above this tiny wedge then it seems less likely this is a fakeout. Especially if it goes to 45k or so, to above the resistance and the market begins trading it as support again.

>>56841344
The nearly 10 year long support turned into resistance (back in Sept 2022) is at roughly 44k so you're sort of right about "it has to pass 43k".

<------------------------------------------------------------------ related picture
Straight above where BTC is now, the resistance is at roughly 44k. So if BTC were to flashpump from here, it would break through the support with 45k/46k. So not only is BTC at the top of a big rising wedge (a bearish structure) while simultaneously the 1W Stoch RSI topped, but BTC is ALSO still below this giga-resistance by several thousand. So it's a very bearish situation indeed. Only the very most naive newfags and the most desperate baggies think the situation is bullish.

That said though, nobody should be surprised if BTC tests this giga-resistance before megadumping. Would make sense from an "let's engineer a bulltrap" perspective: a fakeout above the rising wedge, 40k+ happens, mega FOMOoing of the dumb money masses ensues, BTC hits the giga-resistance and BAM; super-flashdump of doom, maximum liquidation of low-IQ latefag longers resulting in a series of mega-long mega-red mega-dildos; a sustained megadumpage.

>>56836744
The resistance that matters, the long-term support beginning in 2013 which failed in Sept 2022 and since has been traded as resistance, is currently at ~44k. So BTC would need to pump up to 45k or so to break through that resistance and turn it back into support.

>>56703560
Before ATHs there was a build up of relative equal highs (horizontal resistance) where everyone put their stop losses thinking that BTC was going to zero, because they believed all the FUD and got made by the market makers. I think this same scenario is playing out in reverse now, with diagonal support. The narratives and sentiments are also in reverse it's just so crazy how people really such fucking NPCs. Like they'll call anything realistic or negative about crypto FUD but they will lap up absolutely any and all FOMO news by paid actors. You are literally sheep willingly walking into a slaughterhouse and are completely smug about it too. I'll go through exactly what the narrative will be, wave by wave.

>Wave 1 (39k): The wave we're in right now, probably going to hit 39k before a retrace. The biggest fucking moonboys obviously believe we're at the start of a bull market right away. Still a lot of people on the fence.

It's so funny though, how the moonboys will talk about what narratives will drive us to higher prices as if they are not the very victims of the fomo news of a fake pump.

>Wave 2 (30k): We correct down to 28k-32k. Bears get excited and think they timed the exact top (they won't). Moonboys will point out we're at horizontal and diagonal support and that means there's noway we can go any lower. It's a flash sale.

>Wave 3 (45k): We make a higher high and fill the 42k-44k fair value gap. Moonboys super sure of themselves now. There's no turning back from this much hopium and delusion.

(3/5)

>>56437637
Currently BTC would need to pump to ~44k to get back up above the failed support (the support that begins in 2013 and was traded as support ever since 2015) that turned into resistance in Sept 2022 and has been traded against as resistance ever since. So it's about 14k below the resistance. When you put it that way, the situation doesn't seem bullish at all.

The 1W Stoch RSI however does look bullish. But BTC reaching 43k-45k would easily top it out. Or in other words, when the 1W tops out BTC may very well be hitting that giga resistance (which currently is at about 44k, later it's higher up of course). What a coincidence...

>btc showing stability around $43-44k
has the weekend dump stopped? looks like resistance is the post-musknigger pump. maybe we can crab for the next week or two and then welcome spring with a rocket launch back to $60k.

44k is major resistance
lines up with the first major correction in June 2017, top of the June 2019 bubble. also the exact half of the diagonal range of all time highs and lows

>>25830149
based on options statistics, we're probably going back to 40k
resistance at 44k

Imagine being salty that a coin has gone up almost over 100% in 2 weeks.

I called the drop at 44k and told people to swing, that it would go down to low-mid 30k. It bounced off of 33k today (previous resistance) and is now ready for another leg.

Y'all need to get stronger hands, or learn to read charts.

>>20071154
>>20071095
linklets never sell, I swinged my way from 44k to 120k link in 2019, then google dropped and coinbase dropped and I unswinged from 120k to 55k.
swore to never swing again.
sold 5k and out in dmg a week ago, and sold 50k to wait for a better entry to get 55k again and free dmg.
sold dmg at 76 cents. and now sitting on 230k $ and waiting for the stink to dump.
if it doesn't dump and say climb to 10$ and sets a resistance at 8$, then i'm not coming back in and will just buy bitcoin.
Anyways never swing guys, especially if you have my luck, never ever swing, and if I don't get back in, then I'll see you waving at me from the rocket why I scream with the nolinkers.