/biz/ - Business & Finance

different TA fag here. if i had a gun to my head, something like this maybe happens. it could wick to 38k sats, but i wouldnt bet on it retesting that area.

tl;dr is expect a 10k sat dump, but as long as you hold above 40k sats (or at least dont turn it into resistance), I see no reason why LINK won't continue pumping. even if BTC nukes back to 4k, we probably just range between 40-50k sats until bitcoin settles down.

the "rising wedge" is already over. any wedge drawn with price still kept inside is cope. that said, we can still pump a bit short-term but i don't expect to break 52k sats before dumping like in pic related.

I would put bids below the lows at 42.6k and expect a stop run desu. trade invalidated if you close below that level on high timeframes and/or price looks weak as fuck and not immediately spiking back up