Tone Vays TA on LINK/BTC: "It's a bullish chart. It's a very bullish chart."

[dragonvslinux]

The things you thought you might never hear Tone Vays saying about an altcoin, this is regarding ChainLink (LINK/BTC):

Yeh it's a bullish chart. It's a very bullish chart.

Has a high probability of appreciating against Bitcoin because this is a bullish chart, this is not like the Ethereum chart.

I'm actually bullish whatever asset this is, from a TA perspective, I'm certainly bullish I mean why wouldn't I be.

Reference: https://www.youtube.com/watch?v=8i3h3K0-srM&t=1643

He also sees an ascending triangle on a Weekly scale with a 75% upside target, assuming it breaks out, sometime in March/April he predicts:



Source: https://youtu.be/8i3h3K0-srM?t=1819

Needless to say, he believes it's a shitcoin scam and would never buy it, but interesting to hear he is bullish TA wise.

(Apologies if the time-url isn't accurate, it's a live video that's still processing as of writing)

[olumyd]

The things you thought you might never hear Tone Vays saying about an altcoin, this is regarding ChainLink (LINK/BTC):

Yeh it's a bullish chart. It's a very bullish chart.

Has a high probability of appreciating against Bitcoin because this is a bullish chart, this is not like the Ethereum chart.

I'm actually bullish whatever asset this is, from a TA perspective, I'm certainly bullish I mean why wouldn't I be.

Reference: https://www.youtube.com/watch?v=8i3h3K0-srM&t=1643

He also sees an ascending triangle on a Weekly scale with a 75% upside target, assuming it breaks out, sometime in March/April he predicts:



Source: https://youtu.be/8i3h3K0-srM?t=1819

Needless to say, he believes it's a shitcoin scam and would never buy it, but interesting to hear he is bullish TA wise.

(Apologies if the time-url isn't accurate, it's a live video that's still processing as of writing)

If he's anywhere close to being right, it's time to stock up on LINK and probably go long, like looong. But that chart seems a lot similar to Ethereum right now, so it's kind of a tough call for me personally. Gotta go all-in on one of them.


Edit: Wait! Did he just say that the ethereum chat is bearish?

[dragonvslinux]

Gotta go all-in on one of them.

I don't think you gotta as it'd be incredibly high risk to do so, but you do what you want with your money  

Edit: Wait! Did he just say that the ethereum chat is bearish?

Yes that's what he said. I agree that ETH/BTC chart looks relatively bearish, ETH/USD is looking alright though (again, just my opinion).
If you're talking about throwing your fiat into LINK then it's worth noting that on the USD chart the triangle is symmetrical, and price is breaking out of it this week:



(MACD about to bull-cross, CMF positive, RSI bullish, the usual stuff)

Thought I don't see the point in caring about the USD chart personally: if it's not beating Bitcoin, it's not worth buying.
Don't take my advise though, I'll call ETH/BTC bearish and still buy the 85% discount  

[Zemomtum]

Tiny Vays is very good in technical analysis and most of his prediction has come to past but not always. Let's see how this goes as I am seeing an ascending triangle which might make the chain link falls in price