Bitcoin Under Fire! Chainlink Triggers Ethereum & Cardano Signal!
1,544In this video, I delve into the intricate patterns and movements within the Bitcoin and altcoin markets, particularly focusing on the significant role of Chainlink (LINK) as a precursor for broader market trends. I start by highlighting two pivotal macro patterns on the Bitcoin chart: a multi-year falling wedge targeting $55,000 and a rising wedge aiming for $70,000, both of which are currently active and suggest significant upside potential. I also discuss Bitcoin's recent struggle with a formidable resistance barrier and the critical nature of its current movement, emphasizing the importance of this juncture for the altcoin markets. The spotlight then shifts to Chainlink, whose current uptrend could be indicative of upcoming movements for altcoins, drawing parallels with its role in the last cycle. I further explore the macro patterns and potential forecasts for Ethereum (ETH) and Cardano (ADA) in the context of Chainlink's movements, suggesting that these patterns could inform our expectations for the altcoin sector. Throughout the video, I underscore the importance of key resistance levels, moving averages, and Fibonacci retracement levels in forecasting market movements, all while inviting viewers to subscribe and engage with the content for more insightful analysis on cryptocurrency trends.
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Intro 00:00
Bitcoin resistance recap 1:00
BTC price now vs. 2019 1:25
BTC price above support 2:10
Be careful at this Bitcoin level 3:45
A lot of room for BTC to fall 5:40
Chainlink breakout 6:55
Chainlink last cycle 8:00
Ethereum & Cardano 8:30
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*The above video references an opinion and is for news/information and entertainment purposes only. It is not intended to be investment advice, financial advice, or any solicitation, recommendation, endorsement, or offer that you buy or sell any cryptocurrency or securities. Trading in cryptocurrencies and securities is a high risk activity involving risk of loss so please seek a duly licensed professional for investment or financial advice. The information provided on this video should not be used to make any investment or financial decisions without consulting your financial or investment advisor. This video contains my opinion only and is not intended to cause harm or defame anyone or any entity.
Crypto Capital Venture is big on tracking bitcoin market in particular. The general premise of technical analysis videos on Crypto Capital Venture is that although Bitcoin price price moves very in a very volatile way, there is much opportunity in being prepared for upside and downside. We also cover Bitcoin news on this channel as it comes out.
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