Is the LINKBTC chart projecting more #DEFI & #ALTCOIN pain?

17 thg 6

Since topping out nearly 4 years ago
the #LINK versus #BTC ratio has been down and to the right, with relief rallies being sold into.
Clear trend of lower high's and lower low's.

The trend has not been friendly to the Link Marines!

Are we repeating the tale of #XRP and their faithful army?

Both get dumped on by the their respective foundation or founding company.

Both claim Banks will use their products / software ...

Link does have #CCIP usage but it is not the only #interoperability solution.

We already have #RWA on the blockchain.. they are called #stablecoins.

Either this ratio is in danger of breaking down.

Which maybe signalling a broader #Altcoin market demand destroying period....

Could #geopolitical tensions explode this summer to cause a massive #RISKOFF event and the #Dollar to spike?

18 thg 6

Ghi chú

#LINKMARINES need to defend these levels

23 thg 6

Ghi chú

Marines stepped up for a small period of time ...
back down at key levels

31 thg 7

Ghi chú

LINKBTC brokedown and backtested that mini head and shoulders

5 thg 8

Ghi chú

1st objective nearly

crypto Cobie was particularly scathing on link & doge
old coins no chance of new euphoria was his take

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Bounced HARD off the target
#TRUMP is pro #DEFI (at least that is the narrative)
#LINK is benefitting from that sentiment.