LINK / BTC - Link Hard Pullback Coming Soon
Link is in full FOMO mode, and may continue to see higher gains in the short term. I believe a massive pullback is coming soon.
Why - quite simple -- look at volume here on the monthly. Price is rising hard while volume is falling hard
Why - quite simple -- look at volume here on the monthly. Price is rising hard while volume is falling hard
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Here's a related idea, why i think this is possible:
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Updated line chart variation with potential Elliot Wave pattern as: 5-wave bull trend ending, followed by ABC wave correction down to 0.5 fib and then down below .618:
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As you can see on the volume profile for the monthly (on the right side), most of the volume starts in the buy back zone, yet the highest volume is still near all-time lows. And, we still show declining volume on the chart (on the bottom).
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Volume is going back up, this thing may continue to rise.
