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

17. Juni 2024

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. Juni 2024

Anmerkung

#LINKMARINES need to defend these levels

23. Juni 2024

Anmerkung

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

31. Juli 2024

Anmerkung

LINKBTC brokedown and backtested that mini head and shoulders

5. Aug. 2024

Anmerkung

1st objective nearly

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

8. Nov. 2024

Trade ist aktiv

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

10. Jan.

Anmerkung

#LINK Marines sold the trump wallet bounce hard