LINK MAJOR BEAR FLAG

You have to be a real fucking idiot to still be holding this shit still. i sold at 13.20.

I have buy orders at 8 and 5. Easy fucking money

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Cant wait to see you stinkers cry when we hit my targets. SWINGIES ALWAYS WIN

Based and chartpilled

Both of you subhuman abortion survivors shit on a street.

I sold at $18.40 OP, so take that

based retard

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Calling me a retard for being right?

Thanks user.
Why is that a "support area" because that's what the price was, while on an upward trajectory, when the fucking global pandemic crashed the market in March?
Why does the price before the March market crash mean a "support area" where the price is going to return to?

dr;ns: nice meme lines

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We're selling for DIA. You were warned.

we're in an ascending triangle like we were after the march dump you dumdum we will moon in like 1-2 weeks

How is it a triangle if the lines in OP's pic aren't converging? no bully plz

Hmmmm I wonder what they'll move to.

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It has Higher Higher and Higher Low, not a bear flag

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Press F to spit on zeus capital

bullish thread, thanks just bought 20k

Technically, you could be right. But your arrogance is unneeded. You take the trade when the consolidation breaks. You don't sell your stack just whenever, right in the middle of your bear flag...? Who actually trades like that?
Thing is, this could also be the exact opposite of your prediction--it could be a bull flag. LINK rose sharply in price in July and August, and is now slowly declining within a consolidation range. We also just recently broke out of an 80+ day coiled consolidation/triangle, and that was in the positive direction. If we follow that pattern's breakout target, that would put link at approximately 18.50 USD.
Not only that, but LINK has meaningful confluence with BTC. If BTC starts to consolidate sideways from here, based on historic data from 2017-now, we can reasonably expect LINK to start to rise to such a price target. However, of course, if BTC starts to correct a bit, LINK will fall. So you'd probably be right. But your prediction fails to mention any of this. You're so busy pointing out random patterns without considering the bigger picture.
Another thing, while yes, we do have a bearish divergence on the daily RSI for LINK, as well as a downward trajectory for the SRSI on the daily, it also seems like the Weekly SRSI is about to print a buy signal, which historically has given LINK 80%+ bullruns, up to 1500% at its highest, and several at around 100%.
You take the trades when you find the breakout. If you're going to inform others of your potential pattern breakouts, at least give them good advice. This is why Zig Forums has no respect for TAfags.

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Based ta professional

thanks for the advice, whats a good entry for this weekly srsi buy signal?

$9.50 is the support now retard

based af

OP obliterated, but my chart is still my favorite.

Link to usd doesn't matter. If BTC breaks through resistance it'll kill the usd trend.

This is the sell signal right here. Circuitous, coping TA = sell

Ah thanks

lol not at all, I barely started a few months ago, and have failed many, many times. I actually made the opposite mistake of OP. I thought OMGUSD was printing bull flags. So I bought. When they broke down, I thought it was bad luck. So I did it, over and over. You can't rely on just flags for TA. From those mistakes I've probably lost about... 8% of my portfolio. I also made some bold assumptions about the short-term momentum of BATUSD. Ah... good times.
But I follow a lot of crypto TA people on YouTube, and I've started to do my own (conservative) TA to protect my Linkies. Nothing more, nothing less, I suppose.
Typically you buy when the stochastic RSI crosses upwards from out of oversold (20->greater than 20), no? Historically, it seems like this has been a great place to accumulate LINK.
I'll tell you right now, I just bought in a huge lump at $12.52, after grabbing profits from up at $12.72. If it drops to $12.20, I'll sell, because $12.35 has been guarded quite well by the bulls. (AKA I have a stop loss at $12.20)
If it goes upward from here, my minimum bullish price target was $14.50ish. 2 reasons for this, there's previous support probably turned resistance now. I figured bulls would wick up there for sure, if we started to push upward soon. Second, if this move does come soon, it also would meet up with my diagonal confluence lines, and would basically meet double-resistance. If anything, if it does pop above these two meeting lines, the bulls would probably need reassurance and it would test 14.50 from above anyways, giving me a minimal profit loss in that case.
Again, I'm just a noob but that's my hot take.

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Why do you look at the USD pair rather than the BTC pair?

Yeah you can do all this. I'm just gonna hold onto my 30k linkies that I bought for $6000...

Good question. Probably just me being a newbie. I've actually neglected it over the past few weeks, sadly. It wasn't telling me much. Or more like I was too naive to gather much from it.
Too bad, this chart's pretty interesting, and supports OP's prediction of a downward move for LINK on the daily. On the weekly, however, LINK is looking very well-primed for upward momentum. 5 red candles in a row on the weekly, and RSI is BELOW where it was in March. RSI on the weekly hasn't been this low since 2019. Hence why I'm pretty confident in buying LINK right now. (with a stop loss for when I'm proven wrong)

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Makes sense. You figure the bitcoin dominance chart should be taken into account here as well?

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Based. No, I respect that too. Right now, I'm probably less efficient than a holder, and I can admit that. You were also earlier, and hence, smarter than me. My goal is not to swing regularly, either. My goal is to be like you, but also be able to take profits at the end of huge bubbles--instead of selling at $13 after my Linkies fell 40%...
Right now I'm just trying to find a nice place snug at the bottom of this swing. You've already wrecked me, bro. WAGMI

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Thanks Benjamin

Oh, definitely. I was actually in another thread today mentioning that. Like I said, it's a chart to watch, but just because it's touching resistance doesn't mean we can make a decision RIGHT NOW. We should wait for confirmation. Either way, we can profit from a break above or a rejection.

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