/biz/ - Business & Finance

Why is it going up again you guys told me to sell

bumped my poor stack from 1800 to 2000 in that dip

awwye

>>10889109
Man, haven't you seen that whales were keeping it low?
Well keep getting justed. If only a simple news piece comes out, you will get fucked square times 4.
Link 100€ EOY

>>10889023
>will it dip again
Yes. Hard.

>>10889134
No one was keeping it low the volume was too low for that

>>10889023
never sell your link

swing trade literally anything else

>>10889023

It will dip again it's only just started a long overdue dip. Volume has completely dried up and yet it was still in the upper end of it's Bollinger Bands on everything single timescale. It's absolutely inevitable it will bounce back downwards. I mean the dumb that happened back then only just put it back inside the upper band on the weekly chart, even if it remains bullish it will have to come down and hit the middle band before rebounding so we should be seeing a few pink days for Link this week until then.

>>10889286
Where do you see it dropping to?

>>10889292

2500 sats, or 68000 Gwei. My analysis was on ETH charts, for BTC charts Link doesn't look nearly as bullish. Still low volume but it's on the lower end of the bands and basically hit the middle band and is now bouncing back towards the lower band.

>>10889286
>>10889292
Hoping for 25-27 cent LINK
This is it, my last 500€ and my 10k will be complete

There are literally human beings that swing trade Chainlink tokens.

>>10889340
>>10889023

I hope for your sake you get it.

Link has never been as overbought as it is right now. In terms of Gwei, Link was worth more just a few days ago than it was worth during the high of the December/January bullrun when it was worth $1.30

On the daily chart, it's incredibly bullish and keeps bouncing off the middle band. And some dickhead tried to make it bounce again today. But it has to fall through at some point. On the weekly chart, it shows Link has for the first time ever breached the top of the weekly bands and stayed out for almost 2 weeks. Not even during the SIBOS conference last year or at any point in Dec/Jan did that happen. But this literally nothing pump last month and a tiny bit of news and Link has been perma bull for weeks now. It's gonna end, it's rising in Gwei too fast. I mean Link was worth 16 cents at the bottom of that local valley and 33 cents at the top of the peak that made it go out of the Bollinger bands. It's not actually getting that much USD movement. Just crazy Gwei movement.

If whatever perma bull is pumping it whenever it threatens to fall below the mid band on the daily fails, and he will fail eventually Link is gonna plummet to the lowest band. You can stay outside of the bands for long and that weekly chart looks like it needs a correction hard.

>>10889023
You sold? Don't buy back in. You don't deserve link.

Don’t take advice about Link from anyone here: Positive or negative. Very few people have the ability to be rational regarding this project.

>>10889340

Respect dude. I’m at 12k but I want to hit 20k, just bc the wildest realistic price I see for link is 50-60$ so I think 20k might make it.

>>10889023
You quite literally sold the bottom
I've been calling these support lines for weeks, why didnt you listen?

>>10889418

Dude tracking in gwei is stupid, Eth has serious challenges and entire hedge funds are betting on its collapse. Way too volatile to be s useful denominator.

>>10889340
have 10k too but having a hardtime believing it's actually enough

can't put anymore into it unfortunately... Will us 10k linklets be fine if we never sell and run nodes?

>>10889630

And BTC isn't volatile as fuck too? Don't get me wrong, I'd use something else if I could, but Link only has pairs with an ancient shitcoin and a commie shitcoin. Gotta pick one of them and since ETH transfers slightly faster from Coinbase during flash dips I just end up using that chart.

I wish Binance gave it a USDT pairing.

>>10889418
>""""overbought"""" in terms of eth

How fucking retarded are you? Eth is literally going down to zero and measing it against eth.

>>10889642
You do the math... I have no idea what could be possible for LINKs market cap because it's pretty hard to base it on anything. We don't know how much is going to be locked up and how much buy pressure will be there but at 100bln mcap we made it. It could be way bigger or literally nothing desu.

>>10889418
>Not buying in BTC

>>10889023
Its dipping right now. Give it time. We'll have a few more dips before the moon mission.

>>10889023
You should have learned by now that selling your linkies defeats the purpose of the token, it's in the whitepaper

>>10889612
What do you base this “realistic” price on...just curious...

>>10889286
In a world where a market was only defined by itself, sure that's true. No speculative assets exist in such a vacuum though.

>>10889612
link will never reach 50-60$ my friend.
1 to 6usd is the realistic value per coin in the future.
tks

>>10889023

Stop trading, dumbass