Chainlink and BTC Update

Chainlink and BTC Update


Hello Crypto Friends!

I am not sure why this post - BTC - has not been viewed by many people. 

I am guessing people don't like bearish analytics?

Anyway, the god coin is in trouble - therefore alt coins will see some downside. 

351665157-d8e14bcf24bd26d1701f994ce25f55e07379d91cd94d87ec9d2a6bf9a6378ecd.png

The Rising wedge did break down, the trend line has held, for now!

On the bullish side, this could still be a larger Ascending Trangle.

On the Bearish side, this could be a double top.

I believe this is is what will play out with BTC -

351665157-d4c11e43ac0e9f759a66f1f6787a0d52527354b17512a311fb21961218008c96.png 

Therefore, I believe Chainlink will see some further downside. 

351665157-a4a5aef563a8dab3a5bbeebe9a582827904c0623f0864aceca8f1b01a10dfd7e.png

Most likely targets for Chainlink will be the box, either the .5 fib and 55 EMA, or the 618 and 200 MA.

Could well be a very nice buying opportunity in the coming weeks!

This is not Financial advice, only my views and opinions. 

 

Happy Trading! 

 

EDIT : Maybe i should also post the BTC prediction in the longer term -

351665157-f2f5a94bd56fbdd6234d2b6abd633effb29f3fb5fe1d9ea7b921912903526f6f.png

Maybe that will cheer people up! XD

How do you rate this article?

5



Cryptocurrency trading tips and tricks
Cryptocurrency trading tips and tricks

This blog is all about trading, after over 2 years of trading crypto i thought i would share my experience and knowledge in the hopes that others can benefit from it!

Publish0x

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.