/biz/ - Business & Finance

>>49933160
oof this is bad, we will soon see 2 $

>>49933181
false.
https://school.stockcharts.com/doku.php?id=chart_analysis:chart_patterns:falling_wedge_reversal

>>49933160
for once /biz is right: a market wide rally is likely. How far? propably into the next bigger resistance

>>49933160
not a linkbro, but have been paying attention to see if the short squeeze posters were correct. will admit, seems like there’s someone out there really doesn’t see +$7 link.

>>49933369
once this thing breaks up, even the TA fags will be hopping on the bandwagon. then we start liquidating the shorts, then we moon

>>49933273
$35

>>49933160
it's just waxing and waning with btc you schizo

Thinking TA means anything

Thinking TA means anything on crypto in this macro

>>49933448
thanks for the reminder to bring up LINK/BTC. that just broke to the upside

>>49933550
draw the line goyim

>>49933550
looks like it "broke to the upside" fairly recently as well. BTC hasn't finished dumping yet, have fun staring at this chart.

>>49933645
correct. LINK/BTC and LINK/ETH have broken their downtrends. the last domino to fall is LINK/USD and then it's game on.

>>49933716
it's going down with btc retard.

>>49933798
very convincing, thanks for the input

>>49933160
I never know where to draw the bottom line on this one

>>49933950
only other spot i could think to do it but less touch points than the one i posted. either way it's bullish

>>49933369
>seems like there’s someone
at least nexo, probably others

>>49934093
nexo is absolutely involved

>draw triangle
>lines already under triangle
>NOW WE GO UP
anon...

>>49934146
extended fakeouts below support most likely due to the CeFi entities that we now know were shorting. now that they've been exposed and sell pressure is exhausted, only place to go is up.

>>49934034
Yeah, that's how I drew mine. This one's nice cause it suggests a possible dip under $5 before breaking up. No idea what'll happen though.

>>49934250
yeah but i wouldn't be waiting for that dip. not buying $7 LINK in hopes to pick up $4.50 LINK will seem laughable in the near future.

>>49934292
Yep, I already bought what I wanted. Though I'm willing to put in more if it does drop.

>>49934484
this but unironically

>>49933550
Looks like it broke out a months ago and nothing happened. It dumped down kek

>>49934935
what? it's up like 50% on BTC in the past week

>>49935051
Im talking about when it hit .0006.
This weeks pump is nothing its still down like 75% from ath.

I remember link was .0004 for the longest time before the bull run. Its literally below when the bullrun started

>>49935118
Its already 2x'd from the bottom though, you're not going to get a parabolic recovery, this stuff takes time. I'm kinda bummed I didn't take profits at the top but I'm still sitting on 70 grand at a potential bottom which is a pretty comfy place to be.

>>49935118
oh yeah, that was a fakeout. we're at the end of the wedge now though. the time for fakeouts is over

>>49933160
it is a channel with support at $1, not a wedge, otherwise we wouldnt have broken out of the bottom of the wedge

>>49935179
>>49935230
None of the link marines back in 2020 would of believed you if you told them that link was 6$ in 2022

Yet here we are lmao

>>49935274
fakeouts happen all the time, and with a highly desirable asset like link you will see them even more to flush out people who don't understand what they hold.

>>49935293
consider it a golden opportunity

>>49933160
LOLOL headed for -$2.5 get fucked LINKIES

>>49935293
nobody my village seen this coming

>>49935293
Perfect time to buy

>>49935565
It is foretold.

>>49933181
Stop making me hard

>>49934411
checked. im buying more tonight. at this point its more of an addiction and a hobby than it is about future financial gain. i basically collect LINK at this point.

>>49933160
if it consistently falls under your bottom line it's not a falling wedge it's a downtrend

OP is a dumb nigger. LINK is shit and needs to dump below $5 before anything else. Also, even when it does reverse the downtrend, it will keep bleeding against eth and btc

>>49935334
Most charts that look like this end up crab bleeding for years to come.
Im afraid that if we dont pump to 50$ after staking then we will have nothing left to use as ammo for hype.

If it pumped to 50 just based on speculation, and doesnt pump when staking is released then that means it was severely overvalued

>>49936254
falling wedges are bullish. massive falling wedges are massively bullish. don't get left behind anon.

>doing TA
>in a bear market
I seriously hope you guys don't do this

>>49936395
Retard.

It can always breakdown. You currently have sample size = 0. Convince me you're not a retard with at least n=10 with greater than 60% success rate on 1D or higher time frame in crypto market.

>>49933448
It’s been tracking Litecoin lately.
Got that winner behavior.

>>49933160
Niggers Bancor is offering me just over half my stack (((staked))) on there (1200 of 2300) I have the other 9K on my ledger. Do i take the deal and the dick in the ass or gamble for my whole stack by waiting?

>>49937846
I’d gamble it. Fuck willingly losing half

>>49937846
i'd take the loss. a lot of things would have to go right for Bancor to recover at this point. i say this as someone in the exact same position waiting on the cooldown to complete and hoping that LINK doesn't moon in the meantime.

>>49938213
How much of your stack is on there? What %? Just 20% for me

>>49937846
even if bancor survives until they can reinstate ILP again, there will likely be such a massive bank run that even with ILP you won't be able to get your full stack back

>>49938392
only 7.5% fortunately. still hurts losing any LINK though.

>>49938487
Yeah it’s going to hurt, I’m going to want to buy it back too. I think it’ll put me just shy of a 10k stack. Going to look funny writing this off on my taxes next year.

>>49933160
>sergey on NASDAQ
>-3%
>"smallest piece of good news will break this thing to the upside"
i dont think you know how chainlink works lmfao

>>49937846
dont withdraw dumbfuck, you're being fuded by bulgarians. bancor halting IPL isnt like celsius becoming insolvent

>>49936254
This. It makes me laugh how sensitive linkies are about staking which will DEFINITELY increase price PARABOLICALLY and there is NO chance macro factors will POSSIBLY FUCKING get in the way. I don't think they realise how sky high their expectations are and I question if they really can stick out the more likely reality that they are crabbing for the next 2 years or so along with everything else. Go draw a move to ATH by EOY on the chart. It looks completely ridiculous.

>>49939002

>>49938858
Yeah I do believe that they’re just protecting themselves from getting put over a barrel while Celsius and nexo are probably completely insolvent but fuck man this is rough.

>>49939014
>not agreeing that a sarcastically absurd version of events will in fact happen is pajeet now
Let me guess, you were one of the retards hyping staking at Consensus too?

>>49933160
The weekly LINK/USD RSI is showing a much cleaner and more obvious falling wedge than OP's, this thing is going to launch once it breaks up

>>49939135
Save your guesses for your crossword puzzles, simpleton.

>>49939002
if you can't see that the conditions are more ripe now than ever for a link pump then you were never meant to make it

>TA on a ponzi

I've been watching this literal shitcoin for 4 years and aside from summer 2019 through summer of 2020 it has been worse than XRP. Link won't do shit for years, staking is not going to matter one bit. And I'm not trying to fud, I've got my life essentially riding 100% on Chainlink, but it is just fucking dogshit and we all know it.

>>49939738
Pffft

>>49939856
>I've got my life essentially riding 100% on Chainlink
>it is just fucking dogshit
>literal shitcoin
thanks for your input fellow link holder

>>49940199
Dude, I've got thousands of these little faggots and we're approaching the point of having done better over the years just DCAing into a savings account or gold. It's fucking embarrassing that this shit isn't even in double digits.

>>49934113
kek thanks

>>49939002
a full retrace of defi summer and the meagre gains of 2021 also looks ridiculous yet here we are

>>49940769
Fine but not as ridiculous as a straight parabolic mooning to ATH from here in six months. That's unprecedented. No bar pattern even fits that shit. Everyone compares ETHUSD which is one thing but I wonder if anyone's compared ETHBTC which is arguably more relevant given LINKBTC and ETH pairs and a far less pretty picture. I say all this but will prob still buy a bag at $3 kek

>>49939682
>Target: Dec 2022
The waiting continues

>>49941416
>thinks the power of CHAINLINK is limited by faggy patterns on a chart

NGMI my guy

>>49933160
link is a shitcoin with no utility. The market is just reacting to that.

>>49941617
Predictably retarded reply. This is an assessment of likelihood and balances of probability to demonstrate just how much faith you have riding on an unprecedenting thing happening, of how reasonable or rational your expectation is that staking causes a massive countermarket move in the middle of global economic meltdown. Same bullshit you idiots pulled with Consensus and countless times before where you desperately hype and we all know how that ended. You'll never learn because you're retarded, just a product of your stubborn biases and increasing desperation.

>>49941852
it will probably be 2023 before a new high but this year will close 20+ imo

>>49941852
Chainlink has broken ATH every year since inception. Would it not doing that this year be...uh... what was that word you used...unprecedented?
Get fucked loser, bend the knee or perish to the almighty linker of the chains

>>49933160
>>49933200
>>49933273
>>49933369
>>49933442
>>49933550
>>49933716
chainlink labs hard at work trying to trick incels into buying more bags instead of working on steaking i see
never buying your api token sergay

>>49941852
are you guys actually buying out celsius?

Sergey saying adoption will take 3-10 years (so 10+) was a huge blackpill
I can’t wait this long

LINK total market cap, barely even broke down from the wedge and is about to break up

>>49942034
I need to purchase more link immediately

>>49941914
What an unctuous little weaselly sales trick. LINK's 2018 high was in the first week of the year at the market pico top, from which it fell to 15c only to recover to that high 18 months later. LINK's ATH was 13 months ago now. There are 6 months to go for the year and it needs a 10x in that time in macro meltdown. That is what is unprecedented. You're grasping. You just haven't realised how desperate you've become.

>>49941989
What's funny is I could say the same about you fucking slippery salesmen hyping up nonevents and exaggerating expectations into delusion.

CHAINSHIT IS CRASHING NO SURVIVORS

>>49942229
Nothing is priced in
See you in September you filthy bulgarian

>>49933550
looks more like a fake out than anything
but i guess we will see

>>49942423
Yeah I hope I do see you weasels. You all seem to disappear when nothing ever happens after you all hyped up newbies expectations.

>>49942619
what the fuck are you talking about, this is a LINK board, we are always here and it makes you seethe. later loser i am tired of paying your salary with all these (You)s

>>49942674
You know exactly what I'm talking about. Stock standard retard drowning in desperation. First Arbitrum was going to cause price explosion and all that happened was bleeding and underperformance. Then it was staking at SC1. Then it was staking at Consensus. Now it's apparently to hype up price possibilities after staking in the next six months. You're the bad actor here, not me

>>49942032
Did you think there was going to be a huge adoption of blockchain in the next year or two by all the financial services firms? Its going to take years and years.

>>49933550
>>49933536
TA is just a hoax, get a life and abandon that wacky thought

>>49934230
Most likely a fake out, well, would keep a closer eye on Alliance block, as new updates keeps rolling out, The DEX is finally live, more pairs keeps coming on onstream

>>49933160
I have never understood how does suppresion trought shorting (Link) happen
Why does shorting Link iplies the price of the coin going down?
Can someone explain me please?

>>49943281
When you short an asset with a chunky capital, it drags the price to your set range and that would evoke market emotions to sell and boom. price tanks af

>>49943281
It's simple supply and demand. When market participants short link they're (By definition) borrowing link (if it's not borrowed, it's not called "shorting") that otherwise would just be sitting static in a lending pool somewhere, and they place it for sale on the open market. When you place link for sale (which wouldn't otherwise be for sale) in a market, you're increasing supply. Increased supply (with constant demand) means price goes down.

>>49933160
Linkies I'm tired

>>49943646
thank you.

>>49943702
So do you ever call out the retards among us who hype up nonevents? Half the time I feel I'm the only one. My expectations have come way, way down and for the better.

>>49943813
I think that's just something you'll always see in order to effect sentiment and the price, so they can sell for a little profit and buy back. Sell the news etc

>>49943386
>When you short an asset with a chunky capital, it drags the price to your set range
ok, why? That money isn't in the spot market

>>49943864
Surprised you don't think it contributes to your being tired.

>>49934093
probably nexo, okex and Celsius, possibly others

where you been anon there's been plenty threads this week

>>49933160
Zoom out

>>49943920
>probably
PROVABLY
damn autocorrect

>>49937846
>>49938213

This whole "collapse" is a manufactured event by Jews to extract LINK from 4Chan users. Celsius, Bancor, NEXO etc Celsius might actually fail, but probably not. All of them will likely be able to secure funding and solvency. Meanwhile they are talking half your LINK if you panic and cash out.

The whole thing is so sketchy to me. I have a hard time believing all of this funds fucked up this poorly and didn't establish proper run way for operations in a down turn? I don't believe it.

Also just count the FUD threads in the catalog. Someone has a vested interested in getting holders to sell their LINK right now.

>>49943646
>that otherwise would just be sitting static in a lending pool somewhere
Thank you, how do cefi profit from lending? I guess trought shorting, but then why does the suppression fate only apply to Link?

>>49933160
>nothing bullish is priced in
>everything bearish is priced in though
retard

>>49936395
>falling wedges are bullish
ok, but this one has still way to go down

>>49936395
I can't remember how many times I've read this

>>49943994
It has already gone way deeper than it usually would. We are about to test the resistance for the 5th time while being almost in the tippity top of the triangle.

>>49944414
>It has already gone way deeper than it usually would
because it was suppressed in a bull market. Now immagine in a bear market
it is oing to 2$, accumulation, then pump

>>49943974
>how do cefi profit from lending?
In theory they should take customer funds (for which they pay a certain depositing rate), and lend them to borrowers at a higher rate, pocketing the difference. That's nearly risk-free profit for them. But they're unregulated and greedy, so since they have access to funds at a very low rate (their deposit rate for customers), they inevitably end up using those customer funds for all sorts of risky trades, so they can earn more.

>why does the suppression fate only apply to Link?
It doesn't apply only to link

>>49934230
>now that they've been exposed and sell pressure is exhausted
>implying they won't keep on doing the same thing again

>>49944668
Wow a common sense linky in the wild, well I never

>>49941954
Do you realize how retarded you are? You can literally invest in api, something that is used a million times a day and taken for granted in web2, are you new faggot???

>>49943960
It's only bancor where you lose 50% by currently withdrawing, you can't remove shit from celsius and nexo hasn't collapsed as of yet I don't think

>>49946162
I saw withdraws down with NEXO as well but I haven't 100% confirmed that. Either way the whole thing is suspect imo

>>49933181
fomo rejected
never again am I going to bag hold lank
i was ready to let Fatoshi off the hook for WEF ties, but after finding out about the randomness fuckup I had to move into API3
no way people are that blind to the ignorance of lank team

>>49934292
>in the near future
you have been telling this for 2 years

>>49946933
hello shitskin