Technologist, 30 years in fin markets. Always trying to learn. Not financial advice. Focused on simplicity and the bigger picture. Love disruptive Technology
Here’s my best, rough guess for $LINK targets. Basing this off a few different models and indicators.
I don’t normally like drawing out potential paths but thought it might be fun to see check back in a few years and see how close/far this is.
Target is 2027ish.
Look, I don’t make the rules here.
I just connect the dots. And they are telling you something
$LINK
Interpret this however you want.
Quarterly log chart.
I will say this again….
People hating on $LINK haven’t been paying close enough attention to the chart, and what it’s telling you.
The volume is the biggest clue. It’s been drying up for over a year. This is why people get impatient and throw in the towel.
You will know when
The $LINK chart looks amazing, one of the best anywhere…..any asset.
Yet I see countless posts about it being garbage, and the price not doing anything.
This is why some people never make money in the market.
Emotions get the best of them. This is also why TA works. Humans
Pretty insane quarterly chart for $LINK
Very clear that $20 is major resistance, after being support last bull run. Once we clear this on the quarterly, we’ll never see those levels again.
$LINK
So I have been studying this view a little more. Maybe my original arc is off and should be slanted in the wedge, as depicted.
Throw the fib on there and they point to $220s, my original target for this next bull run.
Hmm. Evidence is mounting….
$LINK
Notice the volume in decline. Very bullish signal. No heavy selling.
When this blows for good, you’ll see it in the volume.
Until then, we wait, accumulate more.
$LINK monthly. Log.
As simple as I can make it
$38 is the number.
Will we close over or under the 36 month MA. It’s putting up a fight.
Flip it and it becomes support.
$LINK sentiment in the garbage.
I love it. Means it’s go time.
Weak hands flushed. Strong hands bought the flush lower.
Perfect setup. Weak hands will chase when this starts to move again. This is how markets work.
Here’s a clearer view of the battle for $LINK. LOVE this setup.
Once we break this level, we could move quickly to the upper green zone line. Still targeting Spring time to hit my $38 target.
Previous buyers at these levels are now selling to ‘break even and get out’, thus the
$LINK Looking good here.
Nice looking bull flag forming.
Bounced off the 30 week MA.
Backtested the breakout of multi year downtrend.
Ready for takeoff.
Here’s where we are with $LINK.
This is another disruptive company. I guarantee we heard the same price complaints, and complaints about the business, transparency, it’s a dead business, blah blah.
Stock took a BEATING. Would you have believed in what they were building?
So if
Once $LINK takes out it’s previous high, the next significant pullback will be between $220 and $270ish.
Save the ‘let’s get over $10 level first’ crap for another feed. If you don’t understand TA, don’t comment here.
We’re still in Stage 1, waiting for the Stage 2 breakout.
$LINK monthly log.
Rejected at the 36 month MA….for now. Currently recharging.
4 straight months UP and people are freaking out over some profit taking and consolidation.
NGMI.
Feels like we are closer to identifying the right side of the arc.
It’s been a work in progress but I think we are close.
$LINK
Big things ahead.
This correction took a different but is still bullish. Look for a sharp move very soon.
The number that matters for $LINK: $38.
A monthly close above $38 and the party starts. Forget the ATH price.
$38 is the highest monthly close to date.
Updated $LINK chart. Monthly log.
Still bullish, not much has changed. Sitting nicely on the 36 month MA. The volume has been low during this pullback, which is healthy.
This still feels like a cup and handle pattern…
Why are so many panicking about $LINK?
We haven’t even tested the 30 week MA.
We’re early in the Stage 2 advance, consolidating a big move.
This is great stuff.
Thought it would be interesting to see what happens with $LINK before/after SmartCon.
SC
#1
had no chance. It was late in Stage 3 and starting to rollover into Stage 4 decline.
SC
#2
was right in the middle of a long basing, or consolidation.
SC
#3
launched us into a stage 2
$LINK Weekly. We broke the blue arc last week, backtested it this week, and now we appear to have broken the RSI downtrend. Let’s see if it holds. Big moves could be ahead.
So many people want $LINK to pump right now. I’m not in that camp. Don’t care about retail, don’t care if people on twitter don’t believe. It’s not for them anyway. I want time to buy a lot more. I know people are impatient but if this is what we think it is, buy all you can get
I still don’t believe that was the correction for $LINK.
Weekly RSI sky high. While it could stay there a few more weeks I believe a bigger correction is coming.
Whenever it’s been this high, we’ve seen big sell offs.
$LINK. We got the trendline breakout on the weekly. I still think we’ll backtest that trendline at some point soon. IF that were to happen that might be the last opportunity to get LINK at these levels…ever. That’s where I’ll be adding buys. Not FA.
$LINK weekly log chart
Trend line held, and we got a big break above the 10 week MA.
Appears as though the bottom is in.
Next target is the 30 week MA.
A bit of a threat here but wanted to share some overall thoughts around Chainlink, without getting too specific.
I’ve been studying and investing in markets since I was 14. I’m in my mid 40’s now. I’ve seen just about everything : from massive bubbles to full on crashes.
…
$LINK
People endlessly complained about the LONG stage 1 base. What they don’t realize is the longer the base, the higher in space, as they say.
From Wyckoff’s book - see the highlighted section
$LINK
#BITCOIN
ratio chart.
Arc’s take time to develop but they are very powerful patterns. I have made a boatload of money off them.
They are a work in progress until the right side starts to develop.
This is looking juicy. 6 touches already.
Monthly, log.
Not sure why people are freaking out about this pullback in $LINK.
We had an 18 day uptrend that needed a break.
Break’s or consolidations are very healthy.
So lots of crypto ‘experts’ out there fud’ing $LINK, while at the same time investing and pumping complete crap.
Don’t fall for the trap. Ignore it. It’s all NOISE. DYODD. If you are influenced easily by some anon on this platform, maybe this isn’t for you.
People fail with investing because they are too emotional.
Perfect example is what’s going on with $LINK. The TA is some of the best I’ve seen, yet everyday more people throw in the towel. They are ‘worn out’. NGMI.
That’s how markets work.
History is a great teacher. Investing takes patience and timing. Remove the emotion.
$AMZN was a roller coaster early on. It based for 1370+ days before starting its monster 30x move. Lots of people missed out and sold too early.
$LINK This is still early.
Monthly
#bitcoin
chart
While we could see more downside on the ‘handle’, I am of the belief that this run is NOT over.
This is a pretty nice looking chart IMO. $LINK
Are people prepared to pay big taxes on their staked $LINK in years to come? Could be $10’s of thousands, even $100’s of thousands…
Remember, Staked LINK will be counted as income, and if you sell as a capital gain. Also put aside cash for the Tax Man.
‘In 2023, the IRS
Total Crypto market cap chart.
Really interesting if you dig into the levels.
$LINK is a big part of what’s coming
Possible glimpse into the future? Will we hit ‘red’ again?
The problem with the crypto space is that 99% of coins/tokens are absolute dogsh*t, but are used for pump and dump schemes. There is no actual value.
So then people get pissed at real projects not pumping and think there is something wrong.
THEY have it all backwards. $LINK