link market 11 gauge chainlink to inches latest chainlink news INSANE 40$ TARGET FOR CHAINLINK!!! BITCOIN BREAKOUT + TARGET!! Bullish Data and News
whats up my crypto legends in todays episode well be checking out the link us dollar pair here on the four hourly chart we are breaking out of this symmetrical triangle im going to discuss with you a possible entry for a trade and an exit strategy also the bitcoin us dollar pair here we are breaking out of this symmetrical triangle if we come all the way down to re-test this resistance of the symmetrical triangle it is a great entry point to come all the way to these levels ill be discussing this in todays episode well be checking out the ethereum us dollar chart also well be comparing the 2012 and 2016 performance of bitcoin based on the stock to flow model well be checking out the bitcoin and ethereum on exchanges are drying out and 8.7 trillion asset titan blackrock has officially entered bitcoin market all of this in todays episode if youre getting value of this content make sure to smash up the like button and subscribe for coming updates and lets go straight into the video hello there andy here and welcome back to another episode of bitcoin censors where you subscribe for the quickest technical analysis and use on bitcoin cryptocurrency and the financial markets i am not a financial advisor so dont buy or sell anything that i say and if you do so do your own research said this lets go straight into the charts taking a look at the link us dollar pair on the four hourly chart we can see that we created this uptrend channel with multiple points here as resistance and multiple points as support we did manage to break out of this channel as you can see here on the chart but we came straight back in with this huge red candle with a huge amount of volume also now we created this symmetrical triangle and we are breaking out of this symmetrical triangle the supposed measured move of this symmetrical triangle would be getting the back from the resistance down to the support and from the breakout this could take the link us dollar price all the way to the 40 range and now we need to see if there is going to be volume coming in if the price goes up nicely here with the link us dollar pair and we see some nice volume coming in here it is going to be a great buying opportunity once we come back down and retest the resistance of this uptrend channel also the resistance of this symmetrical triangle and we are also retesting the back here of this huge red candle with a lot of volume this means that the buying pressure is stronger than the selling pressure and now we are breaking the back of this candle where theres a huge amount of volume so its going to be stronger and were going to have a nice bounce behind the back of this red candle and possibly meeting the target around the 40 range so we need to wait for some volume and the candle here to go up in price and you would enter the trade from the retracement around the 32 33 range looking for a potential 38 40 link us dollar price it is super important for the link us dollar pair to see some volume coming in here for this breakout then this would validate this breakout from this symmetrical triangle and possibly waiting for this retracement and around the 32 33 range we can enter a trade looking for the 38 40 target remember this can be traded on by bit or infermix ive got links in the description you could get an amazing bonus if you use femex you can get up to 680 as a bonus to trade with guys checking out the btc us dollar pair massive breakout out of this symmetrical triangle as you can see this ascending wedge when we broke out of it we did manage to stay above nicely here from the resistance acting as support as you can see on the chart so now what we expecting for the btc us dollar pair is the breakouts taking us all the way to the 53 54 000 range of the target would be from the back of the symmetrical triangle from the resistance down to the support from the breakout as you can see it would take us almost to the 54 000 range which is expected from the breakout of the ascending wedge that we were talking in the last few weeks so here we need to see some volume also coming in from this breakout we hardly see any volume but a good possible trade here would be waiting for a retest of the support area of the resistance of the symmetrical triangle retracing all the way to the support of the symmetrical triangle entering a trade at fifty one thousand eight hundred dollar range and then looking for a potential target of fifty four thousand dollars where you would exit a good stop loss here would be behind these lows here so run about this area if you enter a trade here looking for this possible target lets take a look at the ethereum us dollar chart this is the one hourly chart for the ethereum us dollar pair and i cannot detect any possible trades right now there is so much noise on the chart it just goes up and down up and down and now were just breaking all-time highs consistently but i do want to show you a pattern here that you can hardly see it because theres so much noise on the chart let me show you this inverse shoulder head and shoulder pattern that weve been forming for the last week here since the 13th of february as you can see this would be the left shoulder a lot of noise here and then the head and theres a lot of noise here on the right shoulder and as you can see there is a clear lower highs here on the chart creating this neckline can you see the lower highs look this point there one there over here so this is creating the neckline as you can see here on the chart and the measured move would be getting the head to the neckline and from the breakout down here this would take the ethereum price all the way to around the 1 950 range as you can see we perfectly met the target so this is an example for you guys i want you to try and detect this and the chart so you can have some possible trades lets check out the 2020 performance compared to the 2012 and 2016 performance here on the stock to flow model charts if youre not familiar with the stock to flow model from plan b you can check him out on twitter it is plan b he made this price prediction model out of supply demand and also the bitcoin halving the bitcoin harbingers every four years which is an event where the miners get rewarded with half of the bitcoin every four years until we arrive to 21 million which is expected before the year 2144. his model predicted by the end of 2013 to arrive to about one thousand dollars which it did and also by the end of 2017 the price would arrive around about ten thousand dollars and it arrived up to almost twenty thousand dollars outperforming his model so hes expecting for this time at late 2021 hes got two models one model here in the light green which is one hundred thousand dollars and in the dark green 288 thousand dollars this would be the end of 2021 as you can see up to 2024. he is expecting the bitcoin price to be in between these two models so after the halving we can see in the light blue the 2013 and 2014 performance of the bitcoin price and in the dark blue we can see the 2017 performance after the 2016 halving now weve had the 2020 halving in may we can see the bitcoin performance here in the red in the last few months which is very similar it is in between both of them he is expecting by the end of 2021 which would be around this area here for the bitcoin price to arrive to 100 000 which would be the light green or 228 000 which would be the dark green as you can see we are looking more like the 2013 performance than the 2017 performance a lot of people dont agree with the stock to flow model but it has been quite accurate for the last few years what do you think is the bitcoin price going to be at the end of 2021 closer to 100 000 or closer to 288 000 or maybe it is not going to arrive to 100 000 it is going to be much lower than that let me know in the comment section guys your opinion of where the bitcoin price is going to be by the end of 2021. checking out this chart from glass node this is the coins on exchanges of bitcoin versus ethereum in the blue here we have the ethereum supply and in the orange we have the bitcoin supply this percentage here is calculated on the total supply of the coins such as bitcoin and ethereum so if theres about 18.5 million bitcoin in circulation there is 16 available on exchanges to sell to the people in this case its a combination of kraken coinbase finance all the major exchanges combined so since the beginning of 2020 we can see we are in a huge downtrend for bitcoin and also for ethereum meaning that weve gone from 16 17 percent all the way down to 12 12.5 as you can see here on the chart so we have been over a year now in a huge downtrend their exchanges are drying out of supply of bitcoin and ethereum so if more people want to come in and buy and buy and buy the price is just going to go up because the supply is going down guys as you can see it is drying out so a clear example that people are extremely bullish on bitcoin and ethereum their supply on exchanges is just going down people are buying it and taking it out of the exchanges into cold storage or wallets so this is going to have a huge price impact still in the mid long term guys unless the people start selling to the exchanges the price is not going to go down taking a look at the news today 8.7 trillion dollar asset titan blackrock has officially entered bitcoin market blackrock cio of global fixed income rick reader confirms that the worlds largest asset manager with 8.67 trillion dollars assets under management is buying btc though he wont reveal how large the allocation may be although reader does not provide guidance on what percentage of ones portfolio should be in crypto he notes that it is appealing option for those with large cash reserves and no truly advantageous hedge we are holding a lot more cash than we held historically because duration doesnt work interest rates dont work as a hedge and so diversifying into other assets makes some sense holding some portion of what you hold in cash in things like crypto seems to make some sense to me but i wouldnt expose a certain allocation or target holding blackrock is not the only major institution that has announced support for crypto of late last week u.s banking titan bny melon reported that it plans to offer clients access to crypto integrating both digital assets and traditional financial services so there you have it blackrock the largest asset management group of the world finally accepting that they are buying bitcoin and other cryptocurrencies obviously theyre not going to say how much they are buying and what they are buying but it could be hundreds of millions or hundreds of billions of dollars guys this is gonna be it for todays episode if you havent checked out the bitcoin center website weve got great tutorials and reviews on how to buy how to store and how to trade bitcoin safely also weve got the latest news and technical analysis so ill be leaving a link in the description so you can check it out and if you havent seen the best tutorial of the gex leveraged trading platform ill be leaving a video popping up on your screen a massive thank you for tuning in guys make sure to smash up the like button and subscribe for coming updates and i will see you in the next one In this episode, we are going through Chainlink, Bitcoin technical Analysis, Bitcoin and Crypto latest OnChain Data and News, make sure to subscribe for coming updates and smash the like button! TIMESTAMPS 00:00 Intro 01:18 Chainlin Technical Analysis 40$ Possible Target 03:30 Bitcoin TA!! Breakout + Possible Target 04:46 Eth Chart Overviews 05:59 S2F model prediction 2012, 2016, 2020 08:24 Bitcoin and Ethereum Supply Shock 09:56 BlackRock Officially Buying Bitcoin! News 11:25 Outro Bitcoinsensus Website -Top 4 Crypto Trading Platforms: Phemex: Up to 680$ BONUS! -$50 bonus with 0.1 BTC deposit +$80 -$100 bonus with 0.2 BTC deposit +$80 -$400 bonus with 0.5 BTC deposit +$80 -$500 bonus with 1 BTC deposit +$80 -$600 bonus with 1.5 BTC deposit +$80 If you sign up from the United States, you’ll need a VPN: NordVPN 70% OFF: Bybit: Up to 200$ BONUS! DueDEX: Up to 200$ BONUS! 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