Been watching this corrective pattern, very similar to the one preceding the COVID crash in 2020. If the pattern plays out again, I would expect a smoother correction this time around (barring another freak event). Of course if bitcoin and the rest of the market continue to dip further, I would expect link to follow.
The LINK chart is interesting because it's one of the only coins whose price maintained a well-formed channel starting in 2019 and holding the trendline through the COVID crash. This has me re-thinking my major trendlines for other assets. What might the trends look like had COVID never crashed the market?
The LINK chart is interesting because it's one of the only coins whose price maintained a well-formed channel starting in 2019 and holding the trendline through the COVID crash. This has me re-thinking my major trendlines for other assets. What might the trends look like had COVID never crashed the market?
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For example:
