LINK/BTC - Daily
Somewhat self explanatory. We have a multi year long trend line on the LINK/BTC pair. We have started bouncing off of this pair again.
Reasons to long
-trend is your friend, until it ends
-BTC, finally showing signs of slowing?
-Strong project fundamentally and IMO has become the standard decentralized oracle provider for top DeFi projects
Reasons to be wary
-BTC has not confirmed a reverse in trend - we could see 20k or slightly higher before a pullback (if a pull back even happens... lots of institutional interest)
-Trend does not HAVE to hold
Would love to hear your thoughts!
RIP King 5.28.2016
Somewhat self explanatory. We have a multi year long trend line on the LINK/BTC pair. We have started bouncing off of this pair again.
Reasons to long
-trend is your friend, until it ends
-BTC, finally showing signs of slowing?
-Strong project fundamentally and IMO has become the standard decentralized oracle provider for top DeFi projects
Reasons to be wary
-BTC has not confirmed a reverse in trend - we could see 20k or slightly higher before a pullback (if a pull back even happens... lots of institutional interest)
-Trend does not HAVE to hold
Would love to hear your thoughts!
RIP King 5.28.2016
