BTC DUMPING, LINK MOONING

[Anonymous No.11755570]

Please can TA fags help.
BTC is dumping. Some say it’s a manipulated dump. If we break the long term supports there is no floor. So we should exit all markets but unironically.

BUT link is mooning. BigDogg says this is because oldfag whales are switching from btc to Link. Is this true?

As someone who is all in on Link, I do not doubt that Link will moon significantly. But I also recognise that the entire market is controlled by btc. Link could moon to the #5 position but if BTC crashes to $1000 it could still only be worth 50c.

What is happening? Is there a connection between link mooning and btc dumping? What should we do? Will the singularity be in sats, but sats will become worthless?

[Anonymous No.11755615]

Just be patient
Set an alert in your blockfolio and go outside

8 days to go

[Anonymous No.11755619]

>>11755570
Bumping for interest

[Anonymous No.11755628]

>>11755570
When mainnet goes live you will be able to buy LINK directly with fiat, effectively decoupling it from BTC

[Anonymous No.11755635]

>>11755570
If something like that happens, there will be fiat gateways for link because the network itself is valuable, it won't stay at sub dollar prices even if BTC dumps below $1000.

[Anonymous No.11755637]

>asking TA fags for help
lmao

[Anonymous No.11755657]

>>11755628

Source on this? Who will be selling LINK for fiat?

[Anonymous No.11755672]

>>11755628
This.
A bunch of Chainlink partners have fiat-crypto conversion explicitly listed as their use case for Chainlink.

And this is just the tip of the iceberg for what mainstream smart contracts will bring.

[Anonymous No.11755724]

>>11755628
I would orgasm from my prostate if this were true.

[Anonymous No.11755736]

>>11755570
>BigDogg says this is because oldfag whales are switching from btc to Link.
why would they choose some scammy erc20 token?

why not something like XMR or XRP?

[Anonymous No.11755738]

Whales are not entering. They could easily crash it and scoop it up cheaper with their ressources instead of buying high you retard.

If you want TA, look at RSI and the divergence on price. Its just reving up higher till the wheels get stuck in the mud. Its overbought for weeks, rsi lower but price higher every time it makes a high. The momentum is grinding.

Link is in a bullmarket but that will change soon. Likely it will make a higher floor though. The days of 2k sats are gone. We are looking at 3k at worst.

[Anonymous No.11755746]

>>11755724
>>11755657
Fiat-crypto conversion is one of the basic possibilities offered by mainstream smart contracts.

It's one of the things Openlaw said they would use Chainlink for:
https://www.youtube.com/watch?v=Qy3SVBnrZk4

[Anonymous No.11755752]

>>11755724
Even in it shittest realisation it will enable REQ to do this.

I think smartcontracts.com will have their own fiat gateways

[Anonymous No.11755754]

>>11755738
In order to crash it they would need to already own a lot of it in order to sell it
>selling LINK to accumulate it
Lmao

[Anonymous No.11755765]

>>11755736
Someone is pointing at the moon and you're looking at their finger.
Whether it's a piece of paper, a sliver of metal, an erc20 token, ... doesn't matter. What matters is what it represents, what is behind it.

An airplane ticket is a piece of paper, no different from a grocery list. Yet it represents the ability to go to the other side of the world in under a day.

[Anonymous No.11755766]

>>11755736
crypto works in isolation now. Token shuffling. They are investing in the success of smart contracts and their real world use

[Anonymous No.11755768]

Pic related. Look at that disgusting divergence.

Before you faggots jump in and say “muh good news partnerships”

In a buying phase or bull an asset will rise no matter what the news is, and wont dump no matter how bad the news.

Why did bitcoin just break yearly suppprt with all this hyper good news? Because we are in a bear market you retards.

[Anonymous No.11755774]

>>11755768
All key pumps over the past 4 months are directly attributable to big news items.
Cope.

[Anonymous No.11755775]

>>11755768
Good news? Bitcoin?
You mean rumours

[Anonymous No.11755812]

>>11755768
But anon, link is in a bull market because sentiment is strongly positive. It is positive because everything we suspected is turning out to be true. People who held link but were afraid that it was all delusion due to the radio silence from the project have now seen that it is not delusion and are finally ready to commit their money to it. This is because of all the good news.
I also don’t know what divergence means so if you just use TA jargon at least explain what it means.

[Anonymous No.11755815]

>>11755768
You're then anon who sold at 50 sats aren't you?

[Anonymous No.11755821]

>>11755754

Many do.

You font need to own much. Jfc learn how this works. They dump into a liquidity gap. Then sell more at restance.
Thrn they buy the dip, let it rally and sell again into liquidity gap and repeat with bigger bag each time.
You wont need more than 5-10m link to do this and bring price to the floor. For a btc whale they can accumulate that easily without the price rising then get to work. This market is so easy to manipulate on small liquidity alts.

If ehales were entertaining they would be doing the above because there is no reason not to with how easy it is and the larger their bank roll the easier it is to do it.

All the while neets would sell none the wiser.

The volume of buys above 8k sats is huge, do if a whale did enter it would be extremely easy to dump it snd keep it at 6k then make the huge bagholders sell

[Anonymous No.11755845]

>>11755736
It is the chosen one, look at the charts it is obvious. It isn't a meme, Smartcontracts and worldwide adoption never get off the ground without Link. You also need to consider who really owns Link? Who always makes the money, Banks. Who owns Swift, Banks.

[Anonymous No.11755852]

Please can anons post long term btc charts? Have we broken the support so there is no floor?

What should linkies do? Tether up or be patient?

[Anonymous No.11755860]

>>11755812

Divergence is the rsi at the bottom being lower while the price is higher. It shows underlying weakness and lost momentum.

Its like driving a car into a wall. Eventually the rngine will just blow if it doesnt somehow break through the wall.

In exceptional circumstances the car can blow through the wall(price smashes through divergence).
However in all my years i have never see. Such strong divergence as link on the 4hr chart.

Im a trader who doesnt hold anything but got interested in link. I wanted to buy but it is much safee to see if the div causes reversal, or wait for bulls to go hyper and smash past the div to confirm strength. Here is a no buy zone for R:R ratio

[Anonymous No.11755865]

>>11755852
USDC or TUSD

[Anonymous No.11755872]

>>11755821
order book is pretty thin man, maybe 6 months ago, but manipulating and accumulating now wouldn't be particularly easy. We saw that with the couple of 1mm walls yesterday

[Anonymous No.11755899]

https://uk.tradingview.com/chart/BTCUSD/2tGPvFQa-BTC-Technical-Analysis-does-not-need-to-be-complicated/

Don't worry, there is a floor.

[Anonymous No.11755908]

>>11755570
Big Dogg said whales have been accumulating. I am assuming they accumulated earlier and are already in profit. I see no reason for link to keep pumping

[Anonymous No.11755909]

>>11755872
Thin books make it easer anon

[Anonymous No.11755911]

>>11755872
This
there is obviously something up with a 2 million sell wall

[Anonymous No.11755921]

Btw linkies you guys are desperate sometimes. You all make fun of TA untill some random dog makes a bullish TA and captions it with “whales accumulating “
So TA is ok if bull?

[Anonymous No.11755937]

>>11755908

This

Why should you buy something that the whales have already accumulated? They'll just dump on you.

[Anonymous No.11755940]

>>11755845
is link actually partnered with swift?

[Anonymous No.11755941]

so people are really falling for this BigDogg pajeet larp? the sad cunt has been samefagging and making multiple threads for days trying to catch biz's attention. don't fall for it newfrens

[Anonymous No.11755947]

>>11755921
>strawmanning this hard

[Anonymous No.11755961]

>>11755941

possibly but it doesnt take away from the fact he was right

[Anonymous No.11755967]

>>11755911
>>11755872


Like i said. You need a large bank roll. 1M is not enough. and dumping even 5M is not enough unless they do it at the right time.

They would wait for a liquidity gap (low volume and orders on the books) and time it with a overall market downtrend if one was happening.

This would cause a very big dump, they would sell off in chunks, to their own orders, which get filled from bots or panic sells, then let it rally a bit and sell more at a resistance point. this is done in waves over some hours. They get more each time.

Then they wait for market recovery and see if buyers continue. Likely they repeat the entire process over again till they find the saturation point. This is rather easy to find. You take the average volume above 8k sats for example, see that it is 5x that of the 5-6.5k sat range and realise any break below 8k creates 5x as many bagholders.

So they continue their dump into liquidity gaps til that level is met where the high buyers are likely to capitulate and accept a loss, creating sell volume for them. The whales probably accumulate it all here, or maybe aid the dump further.

This is how they accumulate. not buying high like this faggot dog is saying. Its fucking hilariously easy for BTC whales with bankrolls into the millions to do this on a loq liquidity altcoin with no arbitrage or options or futures to counteract price discovery.

Right now i think its just a retail rally, or whales are taking profits slowly, really hard to say anons. but this is a no buy level. wait for it to break the divergence (make a higher high on RSI) or to reverse.

[Anonymous No.11756015]

>>11755961
wow so he predicted link was going to pump during it's heaviest marketing period to date and mainnet with known to be close? only 3 months behind biz then. and he predicted that btc would tank? half of the postsers here expected btc to tank soon. it's not hard to make a bunch of predictions and delete the incorrect ones. the fact that hes been desperately promoting himself for days, and the fact he calls himself 'BigDogg' tells you everything. inb4 his next call is all in on currycoin

[Anonymous No.11756019]

>>11755967
>This is how they accumulate. not buying high like this faggot dog is saying.

you're unironically missing the point. try reading it again

>For months, big players have been slowly transferring BTC to their chosen coin - ChainLink. When accumulation finishes (look for a huge pump in ChainLink) BTC will be abandoned.

where does he say they are buying high? it seems more likely they have been unloading in the 8-10k sat range and accumulated during 2.5-6k sats

regardless of all this, i have sold my link and suggest everyone do the same because i buy low and sell high - not even mentioned the fact that btc is dumping hard and no coin holds value during this

[Anonymous No.11756033]

>>11755570
Mooning downward faggot

[Anonymous No.11756051]

>>11755967
Then why didn’t they accumulate large amounts of Link during the summer when it traded at 17 cents?

[Anonymous No.11756095]

>>11756051
Or maybe whoever they are, have a strategy in play to take as much Link out of the hands of others they don't want to hold it before mainnet. I am not selling and suggest others Hodl firm as well.

[Anonymous No.11756096]

>>11755908
Holy shit. Well I KNOW whales are accumulating. I just looked at my ranking and I was up to about 370 and now I'm just shy of the top 400 LINK holders so I got pushed back, which means bigger stacks jumped ahead of me. So for sure there are 25-30 new addresses holding 100k or more now.

[Anonymous No.11756100]

>>11756051

Who says they didn't?

The volume was pathetic down there anyway. I don't think many whales did. only few. if more want to get in on Link as time goes by, there would logically be a higher degree of price suppression.

[Anonymous No.11756137]

>>11756096
If a whale with 1,000,000 Link sells 100,000 to 5 new bag holders

U drop from 370 to 375

Ur point is invalid and actually strengthens the one u r opposing #fail

[Anonymous No.11756141]

>>11755570
50 cents of link even though everything else is at the ground floor is pretty good.

[Anonymous No.11756178]

>>11756096
Yeah.. Etherscan is transparent.
I fell in the ranks too.
Whales are. Accumulating, not dumping

[Anonymous No.11756179]

>>11755570
Link ain’t mooning it’s down over 20% in USD value

>>11756141
It’s doing well but I don’t think this is link’s floor

[Anonymous No.11756213]

>>11755570
Alert in which range

[Anonymous No.11756254]

>>11756137
Or someone with 50k just BTFO LKNKlet swing traders and moved up in the ranks. I wish I wasn't such a fucking brainlet so I point an AI at the blockchain to tell us what's going on. All the answers are right in front of us,we just haven't learned to read them yet.

[Anonymous No.11756374]

You did sell your link and tether up didn't you anon?

[Anonymous No.11756384]

>>11755570
lolmao that pic
genius

[Anonymous No.11756530]

>>11756179
>using fiat to compare crypto valuation
lmaoooooooooooo not gonna make it
It doesn't matter the value in USD anymore than it does compared to my diarrhea. At least compare it to something that makes sense instead of shit like mexican jumping beans and novelty toys.

[Anonymous No.11757024]

>>11755815

ahahaha yeah this fag >>11755768 was the same dude who spamming MUH DIVERGENCE at 5k sats. Swing traders BTFO again

[Anonymous No.11757727]

>>11755570
just hold. the value of BTC is completely irrelevant when LINK itself has insane real world value
the sooner BTC goes to zero the better for LINK

[Anonymous No.11757753]

>>11756374
Nah, there’s not enough liquidity for me to do that and recapture my stack without major movements. Plus I’m still in the green. I’m in this for the long term not an extra $8000, I’ll make that in 3 weeks

[Anonymous No.11757768]

buy more>>11755872
https://www.youtube.com/watch?v=BVD3SjkoWuo

[Anonymous No.11757893]

>>11755768
Is this cope? This looks like cope

[Anonymous No.11758204]

>>11755615
>8 days to go
What did he mean by this?

[Anonymous No.11758235]

Except it's dumping right now. Target: 1 sat

[Anonymous No.11758238]

blockchain tech will never reach the goals set out by industry without CL’s middleware technology. CL will never reach goals set out by Sergey & Co without blockchain