/biz/ - Business & Finance

>>53991250
Hello, professional Link TA here. After touching $5.90 it will be shooting up to $1000 by eoy.

>>53991250
It could climb back up above the MA by eow, hard to tell if this is S/R flip midweek

>>53991250
>Where does Link bottom on this bearish re-test?
It's going below $1 and I'm not even remotely kidding.

you fucking retards married your bags and you will ride them all the way to 0

Why would it goto $1 when it was at $15 during the last bear market in 2018/2019 when bitcoin was "dying"

>>53991250
Wyckoff still in play.

>>53991250
We're currently on a gentle rising support line (~6.52) after BTC yeeted it below the $6.66 axis line.
There is weak support at $6.56, stronger support at $6.40 and stronger support again at $6.10.
The main thing to watch is the sloping Eve and Adam double top on BTC. It's technically confirmed on the slope but not confirmed on the flat. If BTC yeets down again it may take chainlink to $6.10 after it falls through the ice on the $6.40 support band.

Next heavy support is $5.60 and then extremely heavy support/demand at $5.30 which would currently take a allahu akhbar event to trigger that price level. Breaking that level would require nukes to fly.

There likely isn't going to be much strength in a bitcoin dump.

At present it is taking link a lot of effort to push into the $8 range, but it is inching closer over time. Purely on a TA level the $14.50 level is achievable in the next few months, it depends what happens in this rectangle and how the resistance bands play out.

>Show me your TA
Fuck you guy, draw your own lines.

>>53991719
Jackoff you say?

>>53991720
>>53991719
Thinking about shorting if we get a pump up to $7.50. You think that is dumb?

outsider here. the price will either go up, down or sideways. 100% guarantee it will be one of these outcomes. screencap this. good luck.

>>53991701
>it was at $15 during the last bear market in 2018/2019
what?
Link bottomed at 15 cents in the 2018/2019 bear market.

>>53991734
Personally I wouldn't short. Use tight stop losses if you do. CCIP could drop and wipe you out with 300 day accumulation pattern. Long accumulation pattern = dried up supply.

>>53991644
>>53991655
>>53991666

These digits in a row.

>>53991793
Great, more price dumping for everyone!

>>53991802
What?

>>53991666
Cursed digits. Go seek help to save your soul. Bullish that god himself has smited this no-LINKER

>>53991807
>digits = price dumps
>massive enterprise partnerships = price dumps
>feature releases = price dumps

That's just how it works.

>>53991720
Thanks, do you have tips on keeping your sanity in this range?

>>53991760
How did it manage to remain in this range for so long?
Who is left to sell after so much time?

>>53991666
Blessed satan knows. 1$ link incoming

>>53991250
>Close below 6.5
>Confirm going more lower
>Close above 9.208
>Minimum 37$
From how BTC look, it really doesn't look good to overall alt coin. Very high chance to break previous low 5.375 consider that it barely pump in previous 2 months to cushion the impact.

>>53991760
lmao CCIP was meant to be out in 2022. I wouldn't count on it.

>>53991679
why does this make people seeth? plenty of people held rubbish shitcoins to zero lmao

>>53991841
Diving into a deep depression will help. Alternatively you can just focus on other shit and learn some skills to make use of your time. I'm doing a range of things inside and outside of crypto.
The people left to sell on a very long accumulation range are those who are actively trading, or those who are finally burnt out.
What you see in the current rectangle is high supply at the upper peaks which needs to be exhausted and high demand at the bottom.

>>53991734
It entirely depends on how we get there, what the volume looks like and what the current channels look like. You're looking very short term which requires active daily charting. It's safer to trade on a 6 month+ horizon for both bullish and bearish scenario's. Trading within the rectangle is very risky if all you have is the long term outlook. You're likely to end up with a less than 50% win rate.

>>53991666
wat da fak

>>53991841
Simple, it is getting accumulated without spooking the price up while retail is getting impatient. Call it whales, institutions or aliens doesn't matter. Spagetthi retail hands selling at -90% with nothing but positive news and adoption.
>>53991899
Yeah. It still could drop tomorrow and screw your trade.

>>53991899
all the more reason to be cautious

>>53991959
>Spagetthi retail hands selling at -90% with nothing but positive news and adoption
Link lost that 90% amid a deluge of positive news and adoption.
It can easily do another -90% from here.

>>53991959
and with all that positive news and adoption, the dev team is dumping their bags on you

>>53991994
>the dev team is dumping their bags on you
That's par for the course in crypto.
Hell, it's par for the course in the stock market too, see pic.
You'd have to be a complete child whose very first babby investment was Chainlink to think this is somehow uniquely egregious of Sergey.

>>53991968
Sure. But like buying pressure, selling pressure also gets exhausted. Dont forget that king shitcoin BTC dictates the market. We had nothing but black swan after black swan for an entire year. Luna collapses, Ftx goes bankrupt. Now silvergate. Its not links fault yet price suffered from it. Crypto does not behave like individual stocks. Thats why link price presents an unique opportunity when unrelated things go bust. It creates an amazing entries that otherwise is impossible in traditional finance.

>>53991666
>>53991866

It’s over

>>53991701
It literally bottomed at 15 cents retard

>>53991720
Makes sense. I do think Link bottomed at $5.3 and will just crab around this accumulation range until something big happens.

>>53991250
$1.45 and will never make a new ath. The time to make it with link was 2018. It's over. Better gains are made elsewhere.

>>53991720
>stronger support again at $6.10
by what can you tell it's strong?

>>53992556
I don't agree it will never make a new ATH but I think a lot of people are going to get hurt HARD next run when their alts don't reach the 2021 high. Most will be starting from a lower point than they did prior to that run and with less novelty and hype. At this price link beating its $52 high would require one of the best runs it has ever had despite crypto trending to smaller pumps.

>>53992777
Checked.
>At this price link beating its $52 high would require one of the best runs it has ever had despite crypto trending to smaller pumps.
So it shall be.

>>53992777
>At this price link beating its $52 high would require one of the best runs it has ever had

Zoom out, Link has only ever had 1 run so far so what you said makes no sense, chart looks bullish as fuck

>>53992891
forgot chart

>>53991250
Hmmmm

>>53992908
/thread
this shit is going to plummet hard

>>53991823
God, Satan and Kek have united in trying to shake linkchuds off the god protocol.

>>53991912
>Diving into a deep depression will help
i wish to have avoid this, but it does work at this stage i will baghold to literal zero with no fucks given anymore

>>53991679
Sold all at 40 and now buying ORE.