Binance And Benzinga Join Forces: Newsfeed Collaboration And ,23 hours agoThe Binance Feed has around 1.7 million daily active users and sources news from a select group of trusted sources. Recently introduced, the Binance Feed is a Polkadot vs Cardano vs Solana: Which One to Choose?PixelPlex When it comes to scalability and transaction speed, Solana is the undisputed leader here so far. It has the ability to reach up to 50,000 tps. chainlink 1000 dollar Chainlink GOING PARABOLIC!!! $11 Next?! Emotional Feedback EXPLAINED
all the people that bought chandling at these new levels at the next major low are going to be profiting on the next move to the upside and then theres going to be a secondary wave of enthusiasm creating more emotional feedback and its going to send us to that next major upside target around eleven US dollars and then well see another consolidation before another potential leg up and this is how you see growth in the market guys what is going on guys welcome back to the channel my name is Kevin Svensson and today were gonna be talking about the price of Bitcoin and chain-linked before we get started I just want to mention that one of our latest altcoin picks into my patreon channel has actually mooned this morning were up 50 percent since the buy call on June 26 also you guys may have noticed that these two trays are showing up on this chart right now because Im using crypto watch to trade off of bye Nance and I can trade off all the top exchanges all from this platform so click that link below and sign up for crypto watch so first things first the Bitcoin chart not all too much this changed Im looking at the weekly chart right now and we can see that Bitcoin is trading around nine thousand two hundred eighty three not all too much going on right now we are still getting a little bit of resistance along this multi-year resistance line and to me it seems pretty bullish actually were getting a decline in volume a continued decline in volume the consolidation is getting to the end point and were very likely gonna see a major move in the near future the fact that Bitcoin hasnt sold off yet and the fact that were holding above the 10 week EMA right now is very bullish to me I think its only a matter of time before this consolidation sees a break to the upside I do think that this volume decline is gonna resolve to the upside very likely in my opinion and Im still remaining bullish on Bitcoin now taking a look at the challenge art this is the daily chart for chain-link what we can see is that we did go all the way up to $8 in 54 cents last night a huge pump for chain-link the daily candle is currently showing a potential reversal as somebody who has seen this type of price action for many years throughout crypto this is almost expected at the right Ive been telling my viewers you know were gonna see a consolidation at some point and its possible that thats whats taking place right now now let me go back to the weekly chart looking at the weekly chart we can also see that this weekly candle is looking a little bit bearish showing a potential reversal and were gonna be talking about a few key things that lead me to believe that chain link is actually forming a long-term parabolic trend and that there are much higher prices to come in the future one thing I want to discuss right now is the trading psychology term emotional feedback so this is coming out of a book called third edition technical analysis the complete resource for Financial Market Technicians by charles d kirkpatrick the second emotional feedback plays a huge role in the creation of parabolic trends so this book goes on to say technical analysis is also based on the notion that emotions are affected by earlier emotions through emotional feedback if I buy a stock today and its price rises Im happy to tell others to buy the stock and other see its price rising and also buy it thus causing the price to rise further action in the markets therefore is not independent but is related instead to how the market itself is behaving excessive feedback can cause bubbles this is exactly what we saw for Bitcoin going from 2015 to 2018 emotional feedback drove the Bitcoin bull market throughout those years and this book goes on to say technical analysis presumes that prices will expand beyond equilibrium for emotional reasons and eventually will revert back to the mean and thats what we saw when Bitcoin drops back to 3,100 so this is a really key thing to understand now something thats most likely going to take place for a chain link soon is this emotional feedback you know we found resistance at five dollars ten cents back in June of 2019 then we came back up in February of 2020 we found resistance and dumped and weve finally broken out of the all-time high a lot of you guys out there have probably noticed that we have seen excessive emotional feedback right now throughout all of social media tons of people talking about channeling and that is exactly what this trading psychology term emotional feedback is talking about a lot of people are making gains on chaining a lot of people talk about tuning theres a lot of buzz for channeling right now and a lot of eyes are now turning onto the channeling chart and if we see a pull back for chain link right now what youre gonna find is youre gonna find tons of support coming to the market in the creation of a larger scale parabolic formation so if we go from swing low to swing high the last major swing low to major swing high for chain link what we saw last night 850 as the major swing high whats very likely gonna happen right now is chain link is gonna see some kind of consolidation possibly pullback to as low as six dollars this would not surprise me and what we would end up getting at that point is the creation of a larger scale parabolic formation if we see a pullback like this I expect there to be a ton of support that comes into the market a lot of people that were not able to get a hold of chain link at these low prices are then gonna be flooding into the market at these higher prices and youre gonna see a larger scale parabolic trend to begin to form and this is emotional feedback all the recent buzz about channeling is going to cause support to come to the market and a lot more market participants are gonna be buying chain link weve already hit two major fib extension targets at the one to seven two at six dollars ten cents and all the way up here at seven dollars 36 cents at the one six 185 extension the next major upside target is actually coming in at eleven dollars at the to six one eight fin extension so if we do create a larger scale parabolic formation what were very likely going to see at that point is actually a move all the way up to eleven US dollars and then probably consolidate there as well and create a larger scale parabolic formation and this is how parabolic trends are created because what is gonna happen is if we do see a pull back for chain link like I said a lot of people are going to pile into the market and accumulate at lower prices were gonna find a lot of support and continue up and after that whats gonna happen is all the people that bought chain link at these new levels at the next major low are going to be profiting on the next move to the upside and then theres going to be a secondary wave of enthusiasm creating more emotional feedback and its going to send us to that next major upside target around 11 US dollars and then well see another consolidation before another potential leg up and this is how you see growth in the market guys this happens time and time again throughout crypto history for a lot of different assets and I truly believe this is exactly whats going to take place for chain-linked and this is my most likely scenario for channelling right now is the creation of a large-scale parabolic formation in seeing prices at an $11 or beyond is not gonna be a surprise to me and that is what Im preparing for right now ask somebody who constantly is analyzing the macro trends who is always looking at the big picture and who is a long term investor a long term trader this is the type of stuff that I look out for Im looking at the big picture here guys and I hope you guys learned something today that you might not have known yesterday if you like this video leave a like subscribe to the channel join the patreon if you want to support this channel and look at some of the all coins that Im accumulating and last but not least guys sign up with the crypto watch platform it is the platform that I use in all my videos I can trade off of all the topics changes I dont have to log into exchanges anymore to trade I do it all of this platform there is this tutorial popping up right now click that tutorial itll help you get started and thats gonna be for me today guys Ill see you all in the next video Like/Comment/Subscribe ✘ Sign Up For Cryptowatch!Affiliate Link: . ✘ Become a Patron for Extra Content! - . ✘ Twitter: . ✘ Help Me Grow Our Discord!!! . ✘ . ✘ Sign Up for Kraken! Affiliate Link: . Use this link to sign up for Crypto.com Stake 50 MCO coins AND WE BOTH GET $50 USD : . Video Song: Artist: BETTOGH Song: Another World Bandcamp: Soundcloud: Youtube: Spotify: . DISCLAIMER Kevin Svenson should not be held responsible for any losses that may occur. You and you alone are responsible for deciding if you are comfortable accepting the risk involved in trading. You should only trade based on your knowledge, experience, and risk as a trader. This information is for educational purpose only. Kevin Svenson is not a licensed financial planner or adviser. Any and ALL content published by Kevin Svenson should be NOT be considered financial advice. Invest at your own risk and as always, do your own research! --- Bitcoin Chainlink Cryptowatch Chainlink,Bitcoin,Cryptowatch,
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