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/biz/ - Business & Finance


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22751225 No.22751225 [Reply] [Original]

>Bounced of the 200 EMA
>RSI lowest since march madness and oversold af
>Healthy although quite drastic correction from ath
>Project still strong as always with continuous development, strong team and huge future potential
>Staking still to come, possibly this year

Can somebody give me one good reason we won't go up from here?

>> No.22751384

>>22751225
BTC might dump but highly unlikely

>> No.22751524

>>22751225
larger macro economic occurrences.
But I agree, the risk to accumulate on these levels is practically not present. Fundamentals didn't change, the hype might be lower, but the hype wasn't high to start with, more using the network, other chains than eth starting to natively integrate LINK, even if cz did i in such a scummy way that I wouldn't consider his shit secured by LINK

>> No.22751541

> bounced

Yeah, not really. Nobody's picking it up. Sorry bud, this does not look like the bottom

>> No.22751547
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22751547

>>22751225
Sure buddy: BTC is not done dumping yet and LINK will simply have to follow. It's going to break that MA by some.

>> No.22751558

>>22751225
>Can somebody give me one good reason we won't go up from here?

cucks

One thing that is an absolute guarantee in crypto is that if cucks have an opportunity to cuck, they will ALWAYS cuck. Right now LINK's recovery is depending on people not cucking, so it will cuck and go down

>> No.22751561
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22751561

>>22751225
>>22751524
>>22751384
>>22751541
>>22751547

>> No.22751578

>>22751547
>>22751541
Let's see your shorts

>> No.22751598

>>22751225
The question I have is WHY? Linkers continuously shill but never give me a reason to buy.
>Strong project, continuous development, strong team
>Huge future potential

Okay so for future potential, what will that be? Nothing Chainlink is offering right now is revolutionary by any means. There are 15 other oracle competitors, so why Chainlink?
It's looking insanely overvalued right now with nothing being delivered. Telling me the weather or pricing implementation/integration isn't anything short of boring.

>> No.22751623

>>22751225
Oh great chart master, show me one time when something had a speculative bubble, crashed, and then immediately went BOINGGGGGGG to a new ATH

I'll be waiting

>> No.22751641

>>22751558
spoken like a true cuck.

>> No.22751666

>>22751598
how much link do you own, faggot?

>> No.22751710

Why would anyone buy a broken system?

>> No.22751725

>>22751578
>>22751641
>>22751666
I know it hurts that you for some reason didn't sell but you don't have to take your anger out on innocent anons

>> No.22751728

>>22751225
>5

The real redpill is in sats it will continue its parabola up but BTC will dump to 3k when the stock market crashes therefore Link will go down with it.

>> No.22751769

>>22751728
Oh noooooo now I can buy a few thousand more link how terrible....

>> No.22751802

>>22751769

Yes its fine but also we will have to wait months again to see 20$ and I would like to cash out 15% to buy a house without a mortgage.

>> No.22751825

>>22751225
Link has already reached its ATH. Linkies will be around $3-4 in early-mid 2021

>> No.22751863

>healthy correction

Lol hilarious

>> No.22751875
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22751875

uh oh

>> No.22751912

>>22751598
If you don’t invest in Ari Juels you have a learning disability

>> No.22751954

>>22751875
number go up every time it hits the green meme line?

>> No.22751973

>>22751623
Nobody said it’s going straight back to ATH nigger. It will more likely crab around this range for a while and then slowly climb along with BTC throughout 2021.

>> No.22752093

>>22751666
>>22751666
Thank you for answering my legitimate question, much appreciated.

>> No.22752110

>>22751598
>There are 15 other oracle competitors, so why Chainlink?
Who are those 15 competitors copying from?
>Telling me the weather or pricing implementation/integration isn't anything short of boring
Yeah it's boring as shit, and also integral to the global economy. Commodities traders care very much about reliable weather data. Aave cares very much about their LINK-powered price fees. If they fuck up, Aave's business is dead.
Use your imagination anon. How can you not see the value in owning a share of the de facto standard for this type of data query?

>> No.22752157
File: 66 KB, 699x402, Screenshot from 2020-09-23 18-47-20.png [View same] [iqdb] [saucenao] [google]
22752157

>>22751225
Is it the bottom?

>> No.22752215
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22752215

>>22751225
All in

>> No.22752217

>>22751225
Not touching this until we drop closer to $6.50-ish or break above the resistance at $9.10-ish. We are literally in no-mans land right now and waiting for market to decide which way we are headed. Either way, the wider macro economic situation scares me getting in too deep right now...

>> No.22752242

>>22752157
probably not unironically

>> No.22752714
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22752714

>bounced off
>literally still crabbing

>> No.22752886

>>22751875
never seen a more beautiful chart, bless whoever is painting it

>> No.22752971

>>22752217
>$6.50
If you're going to be a TA meme fag at least do it right. $7 then about $4.50. $6.50 is no man's land. Need to break above $10 not $9.10, that's also fucking nothing.

>> No.22752972

>>22751225
you guys keep posting graphs and we keep crashing lmfao.

>> No.22753016

>>22751384
>BTC might dump but highly unlikely
just imagine typing this sentence and taking yourself seriously LMFFFFAOO

>> No.22753080

>>22752217
>Not touching this until we pump 15% first
/biz/ truly never changes

>> No.22753125

>>22751225
>have had my buy orders set at exactly 7.88 for several days expecting a bit of a wick down past the ema
>only goes to 7.92 so I dont get filled
>now its already up to 8.23

Reeeeeeeeeeeeeeeeeee fuck Link now I'll have to put my orders at $5 I could already be in profit if it had just dropped a few more cents fuck this stupid pos

>> No.22753158

>>22753080
my nigga chainlink node operators are literally losing money as we speak.

>> No.22753185

>>22753125
I bought 500 today

>> No.22753320
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22753320

>>22753158
>3 years of developments
>tsigs still not implemented
fuck this russian scammer

>> No.22753338

>>22751541

As a diehard linkie I hate to say this, but there is no indication of reversal yet. No divergences, no slowing down of volume, no reversal pattern in the charts. The only thing convincing me that we are at or close to the bottom is that it's now dumped longer and harder than the pump from 6ish to 20, and the RSI is lower than it's been since march even though it's not oversold in my book (<20). It's irrational as hell to believe something can dump forever just like it's irrational to believe it will just keep pumping after 20.

>> No.22753399

>>22753338

Also the only other sign to hold onto is that LINK has just completed a 3-impulse downward Elliott wave. It may go a touch lower but I would be shocked if there's another massive leg down.

>> No.22753412

>>22753338
One more mega dump to 5.50-6 for the next ema and 1.272 fib is all I ask imagine how pretty the chart would look and the amount of linkie tears flooding the board by god it would be absolutely beautiful

>> No.22753485

>>22753338
the thing is chainlink is currently a failing project. its node operators are losing money every minute while sergey is diluting the supply to keep those node operators profitable. linkies will get so mad at what im saying but its 100% true. there is a high chance it will keep dumping until this problem is solved.

>> No.22753514

>>22753320
*4 years

>> No.22753557

>>22753412
You know its ironic pink wojack posting right? If you didnt come here this year you would know 75%+ corrections are the standard in crypto

>> No.22753635

>>22753485

It's not outside the realm of belief but you're not exactly supporting your assertion with any evidence. It's speculation until there's clear proof. Are you saying this for any reason beyond suspicion?

>> No.22753636

Every time it goes lower someone finds a meme line that it bounces off of, kek

>> No.22753652

>>22752972
>you guys
You’re talking about a bunch of anonymous internet faggots most of whom have no idea how to do TA and are just shitposting

>> No.22753683

>>22751225
Every bagholder of every coin said this in the Jan 2018 JUSTening. Then all of those coins proceeded to continue dumping to -98% of ATH.

>> No.22753686

>>22753557
>not selling at $20 and watching millions of dollars in paper profits evaporate
>its ironic wojak posting we swear we are oldfags and have lost millions before so instead of learning our lesson we just let our profit evaporate for teh lulz

The cope is unreal. Listening to linkies try to justify losing millions is hilarious even more when they say its not the 1st or 2nd time it happens

>> No.22753897

we're getting close to the bottom. you can generally tell by the amount of fud and demoralisation threads/replies.
we were peak hysteria at $20, we're reaching peak fud now

>> No.22753952

i'm buying another 250
fuck it

>> No.22754065

>>22753485
>its node operators are losing money every minute while sergey is diluting the supply to keep those node operators profitable.
This statement is contradictory. Are they losing money every minute or is Sergey keeping them profitable?
You don't know shit and apparently aren't smart enough to make up basic fud without contradicting yourself.
Node operators are profitable, using LINK that's been set aside for exactly this purpose since the ICO (i.e. not diluting the supply). Literally in the whitepaper. You couldn't have been more wrong.

>> No.22754168

>>22754065
The FUD has really cranked up a ton recently, the quality is low. Makes me think its consolidation and accumulation time.

>t sold off a few thousand at 18 and looking to rebuy

>> No.22754189

>>22754065
It really all comes down to 2 things: 1. Is Arbitrum a viable solution to scaling and 2. Is there going to be industrial demand for oracle data. If either of those is no, Chainlink is worthless.

>> No.22754277

All this FUD and BBC spam makes me think it’s time to buy more

>> No.22754310
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22754310

>>22752157
bought it
who else?

>> No.22754444

>>22754310
just bought 273
fuck it i couldn't hold it any longer

>> No.22754553

>>22754310

I've scooped up another 500 recently. I have cash waiting if it drops even lower

>> No.22754584

>>22754444
Fucking checked

>> No.22754642

>>22754189
t mobile systems, swift, google, etc are in. you must not know how to read lol.

>> No.22754705

>>22751598

>He doesn't trade based on the weather

https://www.warriortrading.com/how-seasons-and-weather-affect-the-futures-energy-markets/

Brainlet detected

>> No.22754834
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22754834

>>22754310
based. went long yesterday

>> No.22754865

>>22751225
The Nazi incel delusion. Your link go to zero. Seehardr you tears are delicious

>> No.22754939
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22754939

>>22754444
proof

>> No.22755023

>>22753686
The only reason were rich and you’re poor is because we held through all the other dumps while glass hands pussies like you sold. You will never make it because you’re a soft bitch that can’t handle volatility.

>> No.22755115

>>22751541
This

>> No.22755162

>>22754444
Based quads of gains

>> No.22755172

>>22751225
> bounce of the 200 EMA
lol, we didn't bounce. This will dump to $4

>> No.22755175

>implying ta works in crypto
You're all retarded. It's being heavily manipulated by bots and whales. Big money is laughing at you as you waste literal HOURS of your time drawing meme lines on a chart. (((They))) decide when it dumps and when it pumps. You're hopeless if you can't see it

>> No.22755233
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22755233

>>22751973
>Climb slowly
You had three years.

>> No.22755281

>>22755175

>he doesn't know (((they))) have painted this perfect parabolic chart

>> No.22755285

>>22755175
It works to an extent, but its basically gambling, and if I ever did it I'd only use link I'm willing to lose forever.

>> No.22755396

>>22755175
Nobody is drawing shit faggot RSI and moving averages are what they are there is no room for interpretation.
>heavily manipulated by bots and whales
And do you know what bots trade based on? That’s right TA. That’s exactly why it does work.

>> No.22755428
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22755428

>>22751225
>>22755175
>>22755233
>>22755281
>>22755285
>>22755396
AIRDROP RIGHT NOW AT
TELEGRAM: TOYEETORNOTTOYEET

>> No.22755446

>>22755233
Been in since september 2017 newfag

>> No.22755478

>>22755446
And yet you make retarded statements like that

>> No.22755492

have you heard of XFYI token and real value guys are bringing onto the field? One of the most widely discussed tokens

>> No.22755525

>>22755478
If you honestly think it’s just going to shoot back to ATH in a couple weeks you’re retarded

>> No.22755872

>>22755525
You're the newfag, newfag. Ive been in since April '16. And you had three years

>> No.22755902

why the fuck does the daily 200 ema matter?

>> No.22755986

>>22755902
It doesn't it's cope, for instance the 200 ma has been broken since yesterday.

>> No.22756043
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22756043

>>22751225
>>22755492
>>22755525
>>22755872
>>22755902
>>22755986
0xadEBE1876FaC4400819BCa280702fFcDE836432f

>> No.22756051

>>22755902
because the only reason TA isn't dismissed as voodoo garbage (which it is) is sperging retards turn it into a self-fulfilling prophecy.

>> No.22756101

>>22755525
I've never said that, don't put words in my mouth you shithead. It'll probably take a month or two but it's not going to take throughout 2021 to do that. Seriously, learn how to read economic climates

>> No.22756168

>>22756101
And what about covid anon?

>> No.22756213

>>22755023
>long term market cycles=volatility

Kek

>> No.22756230
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22756230

>>22751225
>>22755872
>>22755902
>>22755986
>>22756043
>>22756051
>>22756051