It is happening guys, LINK is breaking its long time trend. This will lead to a lower low on the weekly, first one ever.
>muh LINK/ETH
This is only indicative of what will happen to the linkbtc and ultimately linkusd pairs. Times are changing boys, we had a good run but it is time to protect your capital now, LINK is reversing
The support is not flat but descending.
It's a falling wedge.
LINK is getting destroyed kek. LINKies deserved this.
Volume is in the shitters again, and tomorrow there will probably be another huge dump with stocks.
No you're wrong (see op it's flat). You should not be this emotional with the assets you are holding, it makes you see things that aren't real just to confirm your bias
But falling volume + falling price + falling wedge is very very bullish user
>/
How?
You might be right and I don’t like that. But it’s not dumping yet so let’s see
If the weekly candle closes below 2 USD it's literally O V E R for linkies
>everything going down and me losing money is bullish!
>we'll know it's bearish when I'm making a ton of money and its going up
Cope
Yeah but this is a descending triangle
lol what emotional dumbass i literally only hold like 120 link, but I do know price patterns and the best support on this pattern is not at all the flat one that op drew, but a descending one that starts from higher up and gets 3 more confirmation instead of just just that one shitty wick..
And it's only against eth btw
No stress, buying the dip - waiting to see what happens tomorrow with the stonks. Pretty comfy actually
Should have just bought literally any other random shitcoin on Binance and MADE money, a good amount. Instead of bleeding out holding LINK.
That's just how it works, falling volume indicates an incoming high volume move and the pattern is a bullish consolidation\correction pattern called a falling wedge.
pic related anons, more confirmations + actual candle closes instead of shitty wicks = stronger lines
What I want to know is what is going on with this volume. It's gone from one of Binance's most heavily traded coins every single day to flatlining with no volume
I’m a man of culture I don’t trade shitcoins
kek pretty obvious from my TA as well, I'm 20x leverage short on LINK since it was at 0.000439Btc
Plus, LINKBTC weekly looks really bad. It's losing its structure and the RSI is getting rejected by its exponential. See for yourselves what happened the last time it did that
When below $3?
Wow, I can't believe it. OP seems to be very certain with his technical analysis. If true, this could be really, really bad for the price of Chainlink (ticker: LINK).
I am now fearful, uncertain and doubtful in my investment. I've held for so long... but OP's warning was the last straw. I will sell my LINK tokens as soon as I send this post.
Thank you again OP for your concern for our financial wellbeing. You didn't have to take the time to prepare all these graphs... but you just might have saved me. Just can't believe it's all over for the Chainlink project.
kek
Nice dubs, you actually might be right. Looks more like that on a normal chart, more like what OP was talking about on a log chart.
It's probably a good idea to keep a bearish trade with a stop loss on this one.
LINKUSD looks like it's testing previous resistance, now treating it like support. If this breaks it'll break violently. Not a bad trade in my books
pic related
It sure isn't looking good for the ChainLink project (ticker: LINK).
Are you fudding or shilling? I can’t tell
It's pretty simple. Everyone thinks it's going to dump. The chart makes it so obvious that it's going to dump. Which is why it's going to pump and liquidate all of the shorts.
Oh look, it's episode #203427 of
"Listen to my astrology tier prediction with no proof that I am a successful trader oh and also if it doesn't go down I'll just pretend I never made this post until I feel like making another retarded post again"
Yawn
S and H, because this thread is trash and TA fags are a joke, especially in crypto.
Kek
People are pretty bullish on crypto right now man
Based
Top kek
Literally who? Anons on 4cchan don’t count as people, you unsociable insect
Have you seen twitter? Everyone is thinking this is the golden moon because of what's going on in the world.
Just look at BTC and think about what said
pic related
I'm trading with stop losses faggot, I can make money in either direction
Kill yourself
Do you even trade bro?
this is the picrelated mentioned in
Kek LINK is dead
Just sold. Monday is going to be worse.
When are we gonna break $5 ffs, its starting to piss me off
BTC to $500