LINK Gonna Crash Soon!

[Chartcel No.17650377]

Looks like we got some nice bearish divergence on both the RSI, MACD, and even the Stochastic RSI. In dumbmoney terms, that means it took a lot to get LINK's price to get this high up and it can't be sustained for long.

[Anonymous No.17650455]

>>17650377
Same exact thing was said before we ran to $4.99

[Anonymous No.17650479]

From my cold dead hands

[Anonymous No.17650506]

>>17650377
Why don’t you explain what those three parameters are, how they are calculated, and why you think they are relevant to ChainLink’s chart.

You have to realize that an investment’s chart is partially an exercise in psychology. Chainlink’s Psychological aether is entirely different from your typical investment.

[Anonymous No.17650560]

>>17650506
Yeah but global depression

[Anonymous No.17650581]

>>17650377
TA applied to a crypto no one really knows about

TA only works for assets that are watched by many people and don't have frequent updates that can make the meme lines irrelevant

t. Proprietary futures trader for 5 years, not some meme retail trader

[Chartcel No.17650654]

>>17650506
>Why don’t you explain what those three parameters are

Because it would be a waste of time to tell you about something you're clearly not interested in using.

Chainlink's psychology is based on fear and greed like every other asset.

[Anonymous No.17650706]

>>17650581
This is the point I was getting at. I was going to humor OP and give him an opportunity to explain why he thinks his signals are relevant and should be considered, but I guarantee he is some 20 year old reading numbers from a website that he watched a YouTube video about and he doesn’t even understand why those parameters were developed in the first place.

It’s like if OP watched videos about the nutritional needs of diabetics and knew nothing about the biochemical causes and uniqueness of diabetics and any time someone ate sugar he went around saying “YOURE GONNA DIE IF YOU DONT INJECT INSULIN!”

OP, there is a lot of nuance you need to recognize if you want to be a successful trader. One single glance at ChainLink’s chart should suggest to you it is not normal.

[Chartcel No.17650723]

>>17650581
>Crypto no one really knows about
>Rank 11 crypto based on market cap

[Anonymous No.17650750]

All i see is a trend going up. Anyone see anything else?

[Anonymous No.17650763]

>>17650723
I just asked ten of my friends about chainlink and no one heard about it. Get the fuck out of your shit smelling basement for once.

[Anonymous No.17650771]

>>17650654
I’m telling you to do this for YOUR benefit in a very Socratic way. Maybe you’ll learn something about your own perspective in the process.

I understand these parameters and am very familiar with them. I’m more interested in what makes you think they are relevant and helpful in trading ChainLink. What previous success have you had? What is your understanding of these signal parameters? How often, historically, have they been completely wrong? Can you even answer any of these questions?

[Chartcel No.17650883]

>>17650771

Why did LINK's price go up 2 weeks ago after going down for a week? It's clear as day when you look at the chart but I want to know the dumb money reason.

[Anonymous No.17650910]

>>17650750
truth, don't listen to op

[Anonymous No.17651088]

>>17650883
Can you answer my questions or not?

The reason it went down and up is manifold: many people panic sold when the price started dropping and bought back in when it rebounded (many people holding link are long term buyers that buy and sell in and out). Also, there was speculation regarding a conference (which is the current instance also). I could list off several other reasons, but can you answer any of the questions I previously asked. If you can’t, you should reconsider your trading career or at least become much more skilled and wise before continuing.

[Anonymous No.17651090]

>>17650377
Type until your fingers fall off but DR;NS

[Anonymous No.17651207]

Here’s a hint OP:

If you’re using those metrics for Signals and you are making explanations like that for “dumb money”...

You’re the dumb money.

[Anonymous No.17651331]

>>17650377
rising wedge, and bearish divergence, but the volume looks very strong, this pump isn't over yet

[Chartcel No.17651349]

>>17651088
Ah, so you're relying on (((news))) published after rallies and dips.

The real reason is LINK broke through and closed above previous highs and went higher for another week. LINK was overbought and needed to retrace which it did for a week

Once LINK let off some steam you can see that right when it touched the previous resistance it broke through a little over 2 weeks prior, it bounced off of it and went higher.

Look at the RSI (first bottom indicator with light blue line) during the bounce 2 weeks ago. See how low it went? Notice the previous low on both the bar chart and RSI. The RSI shows a lower low but the price made a higher low, this is a bullish sign. Smart money already had buy orders there and bought as much as they could which started a bounce and short rally taking the price above previous high.

[Anonymous No.17651463]

Or it could just crab

[Chartcel No.17651541]

Here's my previous reply in chart form. Study it my frens and see why TA is better than relying on BS news sites.

[Anonymous No.17651779]

>>17650763
Oh shit no way, your frens dont know about cl. Ded coin

[Chartcel No.17651808]

>>17651779
I guarentee they don't know about ETH, USDT, or BNB either.

[Anonymous No.17651865]

>>17650654
My sweet summer child... LINK’s psychology is based on the ramblings of a sperg savant who called himself AssBlster, fueled by copious amounts of autism, Monster, and piping hot tendies fresh out of the microwave. I truly don’t think you understand the sheer insanity behind LINK and its holders; at the very least, you’re greatly underestimating it.

[Anonymous No.17651967]

>>17650654
your memelines have no effect on our premined shittoken
the majority is held by literal insane schizos who will never ever sell because they've gone insane and internet cubes are worth infinitely more than fiat money
i know because i am one

[Anonymous No.17651995]

>>17651865
>LINK’s psychology is based on the ramblings of a sperg savant who called himself AssBlster, fueled by copious amounts of autism, Monster, and piping hot tendies fresh out of the microwave.
Ah so cozy, for me its Green Zero Sugar Monster Energy (Ultra Paradise), How about you guys?

[Anonymous No.17652032]

>>17651995
White Zero Boomer Milk

[Chartcel No.17652035]

>>17651865
I definitely underestimated the loyalty of LINK holders. The core of the issue is confirmation bias, it's what kills most traders and hodlers.

Perma-bulls look too far into the future waiting for their shitcoin to reach the price they're 100% sure the coin will reach. No amount of evidence is gonna get them to sell, even if it drops 10+% in a day they proudly post "Not Selling" while their money burns. No stop losses either because they don't believe the coin they worship could possibly go down.

[Anonymous No.17652053]

>>17652032
White's a classic, I used to drink it more before green came out

[Chartcel No.17652215]

>>17651967
I appreciate your honesty

The thing is though, if you believe a coin you're holding is going to go down, why not sell and set a stop loss?

If it does drop, you were right and can buy in again lower and get more coins. If it goes up then your stop loss will protect you and you'll be back in.

Selling doesn't mean you're out, you're just taking some profit and waiting to see what will happen to the price next. Knowing when to sell is actually more important than knowing when or what to buy, it's what truly seperates the smart money and the dumb money. If you just can't sell because you're afraid of being wrong, you don't belong here. Stocks, Forex, crypto, etc are physiological war zones and sometimes you are your worst enemy.

[Anonymous No.17652240]

OP, when we tell you we are different, we know you won't listen. We don't tell you because we want you change your mind. We know we will win and you will lose. We just let you know because winning is boring and predictable for us at this point but it's the I told you so moments like right now that bring us joy and amusement. You couldn't possibly understand. I want you to screencap this thread and look back at it few years from now, when you still scratch your head and wonder how it happened.

[Anonymous No.17652244]

>>17652035
Stop lossing is a great way to let (((them))) buy up your Link

[Anonymous No.17652263]

>>17652215
Hey nerd when are you buying, I just sold some of my stack at $4.14

[Chartcel No.17652393]

>>17652244
That's why you gotta know where to put them. Stop loss hunters know where most fearful traders put them and take them out. You could also only sell a portion of your asset, it doesn't always have to be going all in. Practice makes perfect, if you fail then you didn't lose much.

[Anonymous No.17652644]

>>17652215
all wrong
never selling
niggers tongue my anus
and i tongue sergeys

[Anonymous No.17652710]

>>17650377
It could crash to 0.25 and I’ll still be able to sell for a profit

[Anonymous No.17652774]

>>17652215
>taking profit when itll never be 1.80 again
Thats not how that works op

[Anonymous No.17652941]

>>17651349
look at eth’s runup to 50 bucks.

[Anonymous No.17652996]

>>17652240
This. Good luck OP, we are still winning.

[Anonymous No.17653228]

>>17652393
No one listen to this fag, he wants your precious link. I'll sell 1 link for one first born daughter(female). Don't worry she'll join me at the citadel and be well taken care of alongside the others.

[Anonymous No.17653288]

still over 50k sats

[Anonymous No.17653302]

>>17650771
This anon is very based, and it's a shame you won't give him any credit for what he's trying to do

[Chartcel No.17653315]

>>17653228
I'll take your LINK when 80% of /biz/ threads are people panicking about LINK going below $3.

[Anonymous No.17653339]

>>17651995
I drank the white monsters when I was waging, now that I have more free time I drink black coffee.

[Anonymous No.17653364]

>>17653315
You must be new here if you think anyone here is selling their linkies, do you think the drns is fake?

[Anonymous No.17653405]

>>17653315
>implying I'll sell
you'll an hero first faglord. get busy fucking if you want them.

[Anonymous No.17653469]

Never selling, but I still hope your FUD is correct as I have a heap of cash on sidelines and would love to increase my pajeet ass stack should it dip below $3.

[Chartcel No.17653492]

>>17653364
Everyone has a psychological selling price, even altcoin shills. Seeing $2.99 will shake off the loose hands, $1.99 and lower should do the trick for the rest.

Seeing another trendy shitcoin go up could get them to sell their LINK little by little, I'll be waiting then too.

[Anonymous No.17653503]

>>17653492
>I'll be waiting then too.
Yes you will

[Chartcel No.17653534]

>>17653469
>FUD
There is no uncertainty or doubt though, the charts never lie. Stop loss takes care of fear.

[Anonymous No.17653573]

>>17653534
here's another (you). Now fuck off back to twitter.

[Anonymous No.17653839]

RSI AND MACD

LMAOOOOKO

[Anonymous No.17653872]

>>17650377
Anon, its pumping.

[Anonymous No.17653903]

This is uncle oldfag

[Chartcel No.17654016]

>>17653839
I can understand hating MACD but who doesn't use RSI?

>>17653872
Still down over 1% after dropping almost 10% in a day, if this is a pump then I can't wait to see what you consider a dump.

[Chartcel No.17654035]

>>17653872
Sorry about that, I still had BTC on my mind.

[Anonymous No.17654098]

>>17652035
The thing is, all major link holders are religiously permabulls. They will never sell.

[Anonymous No.17654107]

>>17654016
You have to understand there are inherent Limitations in Technical Analysis.

[Anonymous No.17654119]

already retraced the entire selloff, again

[Anonymous No.17654128]

>>17650377

[Anonymous No.17654136]

>>17654016
>comparing USD
you're too new

[Chartcel No.17654242]

>>17654107
Oh yeah I know it it's not perfect, but it's better than buying and selling on emotion and news articles. RSI divergence in my experience has a very low fail rate.

>>17654098
Even though they all hate me for daring to question their god I still want to help them. If LINK drops they'll no doubt remember this thread and question their faith.

[Anonymous No.17654334]

Don't reply to namefags that don't even know how to trip. They're cancer that ruin boards.

[Anonymous No.17654352]

>>17654334
42 is based except when he shills trannies

[Chartcel No.17654472]

>>17654334
I'm a newfag too, what does trip mean?

[Anonymous No.17654568]

>>17654472
tripcode

[Anonymous No.17654586]

>>17654472

[Chartcel is ghey !PFZLAVMm0o No.17654606]

>>17654472
It means you ghey

[Anonymous No.17654645]

>>17654472
it means you're unironically going to suicide when LINK is worth 6 digits per token and you were trying to trade it for lunch money

[Anonymous No.17654739]

>>17650581
>cant use TA on an asset with $700m 24hr volume

Ok faggot