LINKBTC: Inverse Scale to Flip the Perspective. 70k Pipe Dream?

*Not financial advice. Not a recommendation to buy or sell.*

Let's flip the perspective on the LINK/BTC chart for a moment. Downwards trend looks likely to continue. Ignore market cap for a second and only examine the trend. Would you short a coin with this chart? A bet on 1yr+ trend continuation?

December 2019. In harmony with my speculations for bitcoin. Can it be true?

ROC:

Rate of Change is decelerating rapidly while continuing to the downside and at a common reversal percentage.. This is likely the peak for shorters.

Volume:

Despite significant outflow as pointed to in my OBV analysis below, smoothed trading volume continues to look strong for LINK/BTC.

Komentar:

Price is steadily nearing the immediate target. Will update indicators and outlook around there if reached.

Komentar:

Beware of the small anticipated retrace happening sooner than expected here. BTCUSD appears to be heating up again. Stop losses are key here.

Komentar:

Price is rising, but beware of a potential retrace. All depends on FA at this point, wish you all luck.