BULLISH: So with all relative in green, let's look at the possible formation the Linkies have been praying for. So far we haven't broken our long-term , so a moon mission is still possible, and the recent dip that could be perceived as a breaking of the handle formation, I see more as a response to Bitcoin's recent .
BEARISH: In predicting an correction wave, red, we unfortunately see that our last high was barely above the previous, and if our next rally cant test yet a newer high, we may almost certainly be heading for a mid to long term downtrend. Lastly, we can't ignore the which isn't looking great.
Beyond TA: One thing, as i noted, is that LINK is very unique and weird coin. It's never talked about, the team has horrible PR 0.09% but seems to beyond just competent on the technical side, they have some major players and partners, but what does that even mean in the crypto space now-a-days. DYOR research, and make your own opinions about all these things, but one thing im almost certain of is that due to the relative silence from the team, a serious, big announcement could potentially have a massive effect.
BULLISH: You are correct here, more of a response to BTCs volatility.
BEARISH: Understandable. There are 3 Events Upcoming: CEO speaks at Bitcoin Superconference in Fed. CEO speaks alongside Docusign's CEO at SXSW. The expected release of the TestNet after they migrated to GoLang as it is thought that the partners wanted this to work alongside their existing infrastructure which is in GoLang.
Beyond TA: DYOR concludes if project is successful which is dependent upon the TestNet and possible Partnerships - price should rise. The crowd seems to be into the "anti-hype nature" of LINK and it is quite impressive the Market Cap is what is it is despite any Marketing/Fluid Communication.
My position here is to hold a stack for long-term purposes while also using a stack for short-term purposes to increase holdings. I expect that if/when there is any positive news - it def. would be hard to catch as one would expect significant percentage gains in minutes/hours.
I also have some non-TA variables (outside of the box observations) I can share. More information is always helpful and I think you would appreciate some external analysis:
1. Reddit LinkTrader Sub-Reddit (I do not use Reddit, I only observe this channel for activity):
jan. 13: 6981 Subscribers
jan. 19: 7322 Subscribers
jan. 23: 7550 Subscribers
2. Number of Token Holders/Wallets per Etherscan:
december 28th, 2017 number of token holders per etherscan: 13342
january 2nd, 2018 number of token holders per etherscan: 13972
january 20th, 2018 number of token holders per etherscan: 17313
january 23rd, 2018 number of token holders per etherscan: 17698
3. LINK being adding to the Huobi Pro Exchange on appx. Jan 21st. Significant because it has only been available on Binance or EtherDelta. Huobi Pro is larger than GDax, if I am not mistaken. Do not think we have seen any effect from that yet.