Hi guys, today's analysis is based on historical patterns of link/btc. I took the fractal pattern from the August 2020 High and overlayed it on current prices just as we are breaking the trendline set from that high.
As you can see historically for link, once this trendline is broken, LINK enters a parabolic stage. The way I calculated the USD prices is that I incremented what I thought BTC would be USD wise at each of the orange horizontal lines and then multiplied it by the corresponding ratio. The top price is using a BTC price of $61k, my next target for this current stage we I have occurring by month end... IF you're not in LINK now, it is likely your last GOOD opportunity to get in before it explodes higher.
As you can see historically for link, once this trendline is broken, LINK enters a parabolic stage. The way I calculated the USD prices is that I incremented what I thought BTC would be USD wise at each of the orange horizontal lines and then multiplied it by the corresponding ratio. The top price is using a BTC price of $61k, my next target for this current stage we I have occurring by month end... IF you're not in LINK now, it is likely your last GOOD opportunity to get in before it explodes higher.
Note
LINK will flip BCH in market cap on the top 10 list in the coming hours or by tomorrow - another bullish catalyst for LINK going forward as it moves up the list and overtakes other projects.... this will bring in even more institutional interest and give it a green light for listing on Grayscale in my viewNote
Updated idea - super short-term trade setup:
Note
Today marks history for #LINK Marines - LINK has charged the Oracles of Omaha once again and overtaken BCH by market cap - Keep Moving Marines!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.