The fractal continues to play out like the last Chainlink Cycle.
I started to see a bump and run pattern forming, so I went back to 2019 where we are now in the fractal, and we find the same pattern: a textbook bump and run pattern. There is now a very high chance that we will reverse from this point; we just completed the throwback with a double bottom candle pattern.
My position is still open from 14.6 and being added to the long position under 14.
At the moment, LINK is consolidating under the 1/1 Gann Fan, as you can see below.
According to the fractal, we don't get the real break till the 1st of December; it might look something like this.
The condition for this theory on the fractal playing out being invalidated is if Chainlink loses this lower high structure and breaks this red support trendline.
Заметка
Taking a closer look at LINK, it's interesting to note how closely we're echoing the patterns from the last cycle, especially when considering Fibonacci levels. Using a Fibonacci tool from the range low to the range high reveals a notable similarity. In the previous cycle, we hit a peak at 2.618 within the mid zigzag zone—quite similar to what happened last week. After breaking the 4.236 level, I decided to explore additional Fibonacci levels to see where we might end up. The projection? 55 Chainlink units by mid-December. It's an interesting observation worth keeping an eye on.
crazy stuff
Заметка
Seems we are doing half the moves from last cycle in percentage.
Заметка
Who is ready for takeoff? ascending pattern , bullish.
Заметка
7 monthly candles from top to bottom , 182 days , 7 months from the bottom of wave 5 would be next month December when the fractal is suppose to top out , you cant make this stuff up lol .
Заметка
Im calling it now that around 1st of December in 7 days the Bitcoin ETF will be approved and it will be the catalyst for the final leg, which could result in a 30% 5hour candle for LINK !
Заметка
now vs 2019 picture above
Заметка
Bitcoin also following a bar pattern from 2019 , just send it already........
Bitcoin repeats the same patterns but in different parts of the cycle , this fractal thats happening in LINK also happening in Bitcoin.
THERE IS ONE FINAL LEG , GET READYYYYYYY
Заметка
I don't think anyone is ready for what is about to unfold next 20 days
Заметка
Both dominance charts come to a end by sunday , triangle bullish for LINK .
Заметка
Final move will range from 39-55 dollars , all depends what price we are in coming into 15th dec
Заметка
In 4days we will break top of the range and in 19 days we will top for months , all you have is 19days
Заметка
A close under this area is not something we want to see , we must hold this fib level and trendline , according to the fractal this move down was the last , from here only up , lets see .
Заметка
This is it ppl , Bitcoin pulled back to golden pocket , could possibly make a third drive of buillish divergence on the RSI . its now or never .
Заметка
Everything is still making lower highs , LINK and BTC , the BTC dominance has been so strong this cycle dam , sometime this week end of week ETF will approve and we will get one massive candle coming out of these ranges , things just happen when we come to end of ascending triangles and volatility has been really low for BTC so a big move is brewing
Заметка
so your telling me that history keeps repeating over and over? , imagine that... xD
Заметка
At this point the fractal we breakout tomorrow , nothing is 100% the bar pattern can decouple at any moment , yes its been a mirror but always remember risk , a daily candle closes under here for me and I close all my positions .
Заметка
Be very careful next 48hours there is a spicy setup here for exchanges to make alot of money looking at the netmap if price where to spike down to 36k we get 1.2 Billion dollars in liquidation and if we break 38.9 ,1.1 Billion dollars of short get liquidation , the classic stop hunt swing here in the making .
Заметка
A quick flash dump to 36k to wipe all late longs and then a reversal .
Заметка
that we take LINK down to 13 dollars in a flash dump wick
Заметка
Will update tomorrow with new TA , not had time really just rushing out some comments on mobile.
Заметка
and just when the whole market thinks we going to start a big rally it ends :P , we top out in 12-15days until april most likely
Заметка
Rally started 160 days ago , its important to understand that this is the end and blow off top is higly likely this month .
Заметка
We all new that this was a stop hunt move here , wicked down to the GANN , massive candle incoming like we go straight to 20 dollars next 48hours .
Заметка
Bitcoin top is likely in or very close.
Заметка
Bitcoin takes out 2/1 Gann like nothing , wow....
Заметка
Man this is getting really interesting , but targets to 50 dollars dont seem to be in play anymore , unless some LINK ETF news hmm
Заметка
Nothing to worry about ppl this move is within the fractal , will be publishing a big TA soon next 48hours
t.me/+8CRZJqXrjwU4ODA0 re-launched telegram group , it is free , just place to chillout talk about crypto bull market , will be posting trades live randomly
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.