Why does the Chainlink chart look so ugly lately?

[Anonymous No.19107499]

I don't mean this in a bullish or bearish way, but it's just full of hairy wicks, doesn't have any shape or form, starts to make a nice parabola on the short-term window, then suddenly crashes, then recovers abruptly, it doesn't make any sense. Link used to have the slickest, smothest charts in the space, I could have fapped to these beauties. No it's just an unreadable mess, what's going on?

[Anonymous No.19107532]

>>19107499
Checked. Lol I noticed this too, there seems to be an algo battle going under. What's going on?

[Anonymous No.19107644]

>>19107532

Its a straight channel across its clearly accumulation. Lol Notice how it stays about the same while LINK/BTC is falling to the trend line

[Anonymous No.19107705]

>>19107644
Sorry I’m smooth brained. I think I know what you mean when you say “Accumulation” but can you clarify?

[Anonymous No.19107715]

>>19107644
But I don't get it why accumulate here? why not letting it fall with link/btc and accumulate lower?

[Anonymous No.19107730]

>>19107499
TA doesnt apply to chainlink does it? So many cup n handles have formed where nothing happened

[Anonymous No.19107735]

Doesn't matter. 1keoy is all you need to know

[Anonymous No.19107753]

>>19107499
Link's chart started going to shit the moment the BSN China thing came out.

[Anonymous No.19107757]

>>19107499
expect it to dump soon, this is the pattern every time.
pump, stall, crash, repeat.

[Anonymous No.19107765]

>>19107730
yeah cos sirgay fucking sells

[Anonymous No.19107767]

>>19107715
Maybe they can't make it go any lower. It has gone to $1.5 3 times already and the last time was when the whole economy tanked due to the virus. Also it is hitting the parabola support on LINK/BTC. I don't know if they are willing to artificially shatter that. Time for the next leg up imo, we've been at $1.5 - $4 long enough.

[Anonymous No.19107770]

>>19107730
TA doesn't apply to anything, it's tea-leaf reading for absolute retards.

[Anonymous No.19107792]

>>19107499
>>19107532

I noticed this too and wanted an answer from someone who can read candles well. The wicks are going crazy, its like an algo is fighting natural movement to keep the price steady. Price goes up or down, algo corrects it leaving wicks. It could also be one entity with a lot of link, maybe an explanation of the 500k movements to binance. But thats a lot more unlikely to me than them just selling outright.

[Anonymous No.19107824]

>>19107792
It's obviously a ton of bot manipulation.

And when Link does unexpectedly break out (like when it went to $4.20 last week), (((they))) use emergency measures and dump BTC by $1,200 just to get Link back below $4.

[Anonymous No.19107825]

>>19107644

I noticed the same thing but what i see in the link/btc is a parabolic movement. If i had to guess, when link/btc reaches ~37k sat it will either skyrocket in usd or fail its parabolic movement and crash badly

[Anonymous No.19107882]

>>19107824

Too paranoid for me, my guy. Its looking too much for order in chaos and seeing shapes in the clouds. I doubt whoever runs these possible bots actually has a lot of capital, let alone enough btc to tank the price

[Anonymous No.19107909]

>>19107705
>>19107715
BTC pumps, sell for USD buy LINK basically. Use the LINK/BTC pair to dump the LINK/USD pair when its about to break out to accumulate more. Sats control the market right as they always have. Eventually things will decouple but its hard to say when or why. I'd imagine staking/actual value through the network will do that for sure. We have had this sideways scenario happen a lot besides the Black Thursday event dumping everything, although that was engineered as well or at least more extreme than it should have been. Bots paint the chart, everything is incredibly manipulated, it will take off when the largest holders are satisfied with their bags. Go look at the volume of the total market cap minus BTC on trading view, the Alt MCAP. The volume is astounding and volume always precedes price. Its gearing up like the run BTC had in 2014. We will probably have an alt run first imo and then BTC will take off after near mid 2021 or so.

[Anonymous No.19107959]

>>19107825
>>19107882

Agreed, the movement is pairing up nicely with potential news/fundamentals which does lead me to believe me there is infact massive bot manipulation. The winners are chosen in the crypto market like anything else unfortunately. Crypto is the wild west and if manipulation is basically allowed, therefore it will be done.

A huge move is coming for sure, in one direction or another but probably 100% +

[Anonymous No.19108662]

>>19107753
Cumskins always blame the YELLOW MAN for their problems

[Anonymous No.19108710]

>>19107882
Nigga.
As we see with BSN we are talking about STATE LEVEL actors here. You mean to tell me China doesn't have enough BTC to manipulate the market? The US does not?

[Anonymous No.19108941]

the way the BTC chart is looking something needs to happen tonight or very soon else i'm not hopefull we'll see new ath's anytime soon.

[Anonymous No.19108952]

>>19108710
Lol, yeah, governments are playing with internet magic money, sure thing sweetie

[Anonymous No.19108996]

>>19108952
What rock did you crawl out from under?

[Anonymous No.19109059]

>>19107499
its dying

[Anonymous No.19109317]

Yes, good things usually happens after such moves, see picture. Soon...

[Anonymous No.19109789]

>>19107909
>>19107959
>>19108710

Here's my theory. If someone is manipulating the LINK price, they are doing so to keep the price stable and specifically stable against USD. It wouldn't make sense for a state actor to want to keep the price stable.

Here's what I think. It's nigh impossible to release staking in the Chainlink network with the characteristic volatility of crypto. You stake an amount of LINK valued at 1000 dollars and the next day that same amount could be worth $500 or $2000. This is no good for collateralizing anything. Imagine being the Chainlink project and trying to convince companies to use your product while the very device meant to secure the network is exploding up and down like crazy due to speculation. I think the Chainlink 500k amounts could be being used to keep the price stable so that Chainlink can entice companies to use their network and to release staking without speculative volatility destroying their efforts. If they can get the staking-based network off the ground while manipulating to price to be stable for long enough, eventually the price of the LINK token will reflect more the value captured by the network rather than just speculative forces. And they are manipulating the price to stay stable against USD so it appears stable specifically to non-blockchain people. Imagine trying to tell someone it's actually stable because sats price hasn't changed although its usd price is all over the place. Just a theory.

[Anonymous No.19109796]

>>19107753
>it's all chingchong's fault
>OY VEY DON'T LOOK AT BTC HALVING

[Anonymous No.19109832]

>>19107757
this

[Anonymous No.19110065]

>>19109796
>chingchong's fault
Not sure what you think I meant.
BSN working with Chainlink is extremely good news.

[Anonymous No.19110231]

>>19107753
>>19109796
>smoothbrains desperately scrambling for news-based reasons for crypto market movements

[Anonymous No.19110256]

>>19107499
pic related, we are all going to make it

[Anonymous No.19110301]

>>19110231
When news like that causes that price response, you know something's up, yes.

[Anonymous No.19110326]

>>19109789
lmfffao you think they are manipulating price with $2 million dollars? are you fucking retarded hahahhahaah you fucking retard

[Anonymous No.19110399]

>>19110256
ok, so $28.57 next bullrun

[Anonymous No.19110512]

>>19107909
>it will take off when the largest holders are satisfied with their bags

I fucking hate these infinitely greedy kikes and manipulators so much.

[Anonymous No.19110969]

>>19110512

Yea its lame but its just the way things are. Basically you just join them and then use the money to out Jew them. I'm going to open a fast casual dining chain with only the highest quality ingredients/whole foods reinvesting virtually everything back into the business. I'll also break the wheel and give my employees a percentage of the net profits coming in. The Jews won't be able to compete and I'll increase the physical health and mental well being while spreading my personal philosophy as a business mission.

Honestly, if I get to the point where I want to I'll eventually probably be the target of corporate espionage or worse, like Chipotle fell victim to right after they went non-GMO/organic. I also high primarily men If I can get away with it/around labor laws. I'll encourage certain behaviors and create of cult of aesthetics, honor, and discipline. I've been working on this concept for years and its my area of expertise.

Rise Up, its time

[Anonymous No.19111040]

>>19110969
i have the same ideals but the problem is this kind of leading a business makes u vulnerable to wagecuck leeches wo wont apreciate ur kindness and will still scam u

[Anonymous No.19111162]

>>19111040

They don't understand it but won't really be able to take advantage of me. No one can, I have everything I need. I do need to be able to expand the concept though as I bring in profits. The employees will police each other's behavior for me as slackers will affect their over bonus margins. Waste/theft etc and other poor behaviors will subtract indirectly from the net bonus they receive. No system is perfect, but their is also "Right to Work" laws which easily allow me to fire people as well.

[Anonymous No.19111214]

... All Charts r looking weird nowadays.. Especially forex.. God damit

[Anonymous No.19111271]

The whole market is behaving like that for the last 2 months. I would blame corona + halving + tether. All eyes are on bitcoin rn, it can pump 10% and everything else is like -1%.

[Anonymous No.19111401]

https://initialmiddle.herokuapp.com/linkusdt

[Anonymous No.19112116]

>>19111401
how do I read this?

[Anonymous No.19112537]

>>19110326

Haha what an unnecessarily extreme response. All right master of manipulation, sorry to offend!!! Fucking psycho.

[Anonymous No.19113534]

>>19111162

Eases up alot of the management. I get where you're going with the self-sustaining/ self policing concept.

Tough variable is the quality of people. Unfortunately, most unskilled people (not the chefs) usually aren't the most driven, and either will want more of the revenue share, or won't care.

If you can find some honest-to-good people with good character, then yeah it could work. Good concept. Tough to expand. You plan on paying them a fair wage as well?

That's what I would do if I became wealthy. Try to set up a profitable business where it isnt about min/max overheads & profit. Reward when reward is due.

It'll keep those people loyal af (if they're good people)

[Anonymous No.19114016]

>>19107909
>I'd imagine staking/actual value through the network will do that for sure
what price do you expect for staking?

[Anonymous No.19114027]

>>19108662
Cope harder you soulless insectoid

[Anonymous No.19114067]

>>19113534

Yes you are on the right track. Especially in a restuarant there has to be flawless consistency in the recipes that are being prepared. That means as few people (main chefs) as possible making the things like soups, sauces, and other items prepared from scratch, as a result those people will take in a higher percentage of the profits. Then you have prep chefs which have a little more responsibility but don't make recipes just set up produce, marinate meat etc. Line cooks/Servers/Host. Everyone will have an hourly wage, percentage of profit based on position, tips from your section, and carry out tips everyone will split. I have found that management/adminstrative labor costs will be low because I'll ironically use blockchain/A.I./Internet of Things to do my scheduling/inventory/ordering/payroll etc. It will only take one person (me or another General Manager) to audit the results to ensure its accurate. I'll have IoT censors tracking the weight of food sold and dry goods used to create pars for my ordering. The employees will have to properly unload trucks and put the items where they go so the censors relay correct data. It will help them with portioning as well. They will follow the rules because their bonus depends on it. I have thought this through for years and added Chainlink/DLT/Cloud technology to streamline it.

Eventually I'll track my customers data with their permission and sell it or simply save their previous orders to make the ordering process seamless. Whoever uses this technology in combination first will absolutely destroy their competition. It will be glorious. I could go on about this for hours.

[Anonymous No.19114093]

>>19114016
>>19114016

Mid double digits. I could easily see close to $100 in 12 months or less imo.

[Anonymous No.19114335]

>>19111401
I clicked the link and now all my Chainlink is gone

[Anonymous No.19114498]

>>19107909
>it will take off when the largest holders are satisfied with their bags
I don't believe in this theory bro.. I believe that large holders just wait for liquidity to dump at profit.. so one piece of new.. one piece of hype generates new dumb money that they dump on
From now on I will try to swing every single hype event

the only thing that can bring Link to 100 usd fast in golden bull run + swift announcement

[Anonymous No.19114609]

>>19114498
>>19114498

Well it will be part of the speculation bubble of this cycle and then will retrace some. By the time we get SWIFT we will be looking at 300ish I think. That won't be until 2022 when the banking standards are mandatory. SWIFT will be the last to enter/announce I think.

Institutions that are filling their bags won't be selling they will be staking to create new monetization streams from their APIs and using LINK to reduce costs massively. They won't be dump, just constantly buying more with the dividends from staking as well. Positive feedback loop.

[Anonymous No.19115183]

>>19109789
This, if you faggots would stop day trading and just accumulate and hodl we could all make it.

[Anonymous No.19115183,1]

>>19114609
2022... is this not too early?